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If you were CEO and decided to finance retirement of a bond issue, you would be MOST likely to a. Issue collateral serial bonds, the
If you were CEO and decided to finance retirement of a bond issue, you would be MOST likely to
a. Issue collateral serial bonds, the proceeds of which would fund the bond retirement
b. rewrite the debenture to include an option to exchange bonds for shares of stock
c. set up a payment arrangement with a trustee to fund an account designated for bond retirement
d. sell production assets and apply the proceeds to bond retirement.
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