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bananas87 bananas87
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7 months ago
Which of the following statements is correct?

▸ Income bonds pay out guaranteed and fixed coupons prior to common dividends.

▸ Adjustable rate convertible subordinated securities make the interest payments conditional on prior dividend payments.

▸ Original issue discount bonds (OIDs) sell at a discount when issued by firms.

▸ All of the above are correct.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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carolyne254carolyne254
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7 months ago
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