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need help asap! 9. Most corporate bonds are issued with a par or face value of $1,000. F. 10. Generally, the higher a bond's rating
need help asap!
9. Most corporate bonds are issued with a par or face value of $1,000. F. 10. Generally, the higher a bond's rating (i.e., the closer to AAA the bond rating is), the more risky the bond is considered to be. T_ 11. A bond's market value will approach its par value as the bond nears its maturity date. T_12. A corporation's stockholders generally have voting rights that allow them to elect the firm's Board of Directors and to vote on other key issues presented for shareholder vote. F_ 13. Unlike equity, debt capital is a permanent form of financing, as it has no maturity date and never has to be repaid by the firm. T 14. Payment of common stock dividends is at the discretion of the corporation's Board of Directors. T 15. Leverage results from the use of fixed-cost assets or funds to magnify returns to the firm's owners. T_ 16. At the "opernting breakeven point," the firm's "Operating Profit" is equal in valuo to the firm's "Net Sales Step by Step Solution
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