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A corporation is about to default on an interest (coupon) payment to its Senior bondhold What should it do? O It should do an IPO

A corporation is about to default on an interest (coupon) payment to its Senior bondhold What should it do? O It should do an IPO to get the funds to pay the interest payment. O It should turn the corporation over to the shareholders. O It should seek protection under Chapter 7 of the Bankruptcy code. O It should seek protection under Chapter 11 of the Bankruptcy code

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