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1. Which of the following properties characterize DEBT securities? Select one: Debt holders do not usually participate in the management of the affairs of debt
1. Which of the following properties characterize DEBT securities? Select one: Debt holders do not usually participate in the management of the affairs of debt issuers except under conditions of duress/bankruptcy. O b. In case of bankruptcy, debt claims are paid before the claims of common stock holders. O c. Debt payments are conditional on the profits earned by the debt issuer (borrower), except when the issuer declares bankruptcy. O d. A and B
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