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Consider the following statements about corporate bonds: f (As the owners of a firm's debt, bond holders play a key role in setting interest payments

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Consider the following statements about corporate bonds: f (As the owners of a firm's debt, bond holders play a key role in setting interest payments by the firm. (ii) Corporate bonds become worthless once a firm's enters administration (bankruptcy). Which of the following is correct? Select one: O A. Both statements are true. O B. Both statements are false. O C. Statement (l) is true, but statement (ii) is false. O D. Statement (l) is false, but statement (ii) is true

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