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$42.50
$8.50
$85
$4.25
$1,000
Question 15. 15. (TCO 5) Corporate bonds typically pay interest every
month.
6 months.
3 months.
9 months.
year.
Question 16. 16. (TCO 5) The _____ is the financially independent
firm or individual that acts as the bondholders' representative.
trustee
president of the corporation
debenture holder
indenture holder
chairman of the board
Question 17. 17. (TCO 5) A _____ bond is unsecured and gives
bondholders a claim secondary to that of other designated bondholders
with respect to both income and assets.
subordinated debenture