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The limited liability rule means that if a corporation goes bankrupt, Multiple Choice shareholders are responsible for all the debts of the firm. bondholders are

The limited liability rule means that if a corporation goes bankrupt,

Multiple Choice

shareholders are responsible for all the debts of the firm.

bondholders are responsible for all the debts of the firm.

shareholders can only lose the amount they invested.

bondholders only lose the face value of the bond.

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