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QUESTION 18 If a bond is with a face value of $150,000 that is being issued at 103, the proceeds would be $103,000. True False

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QUESTION 18 If a bond is with a face value of $150,000 that is being issued at 103, the proceeds would be $103,000. True False QUESTION 19 Since corporations are separate legal entities, they enjoy limited liability and an unlimited life. True False QUESTION 20 Preferred stockholders have a stronger claim to a corporation's assets in the case of liquidation (bankruptcy). True False

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