Fill in the blanks, using the following terms: floating rate, common stock, convertible, subordinated, preferred stock, senior,
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Fill in the blanks, using the following terms: floating rate, common stock, convertible, subordinated, preferred stock, senior, warrant.
a. If a lender ranks behind the firm’s general creditors in the event of default, his or her loan is said to be _______ .
b. Interest on many bank loans is based on a _______ of interest.
c. A(n) _______ bond can be exchanged for shares of the issuing corporation.
d. A(n) _______ gives its owner the right to buy shares in the issuing company at a predetermined price.
e. Dividends on _______ cannot be paid unless the firm has also paid any dividends on its _______ .
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