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Take Test: ACC 211 Test 14 Remaining Time: 16 minutes, 47 seconds s Question Completion Status: QUESTION 3 A bond issuer assumes an obligation to

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Take Test: ACC 211 Test 14 Remaining Time: 16 minutes, 47 seconds s Question Completion Status: QUESTION 3 A bond issuer assumes an obligation to the purchasers to: make periodic interest payments until maturity and repay the principal at maturity. OB. redeem any bonds at face value on demand from their owners D C pay no cash or stock dividends while the bonds are outstanding. 0 D. All of the above answers are correct. QUESTION 4 A bond issued at a discount indicates that at the date of isste: o A. its contract rate was lower than the prevailing market rate of interest on similar bonds. Bthe bonds are noninterest-bearing. C. its contract rate was higher than the prevailing market rate of interest on similar bonds. D, the bonds were issued at a price greater than their face value. QUESTIONS Bonds differ from stock in all the following ways exceas that: A. dividends must be paid each perlod, interest on bonds does not. to saue all answers Save All Answers

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