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Which of the following is true of bonds? a Since bonds have a face value of $1,000, they can be purchased at any time for
Which of the following is true of bonds?
a | Since bonds have a face value of $1,000, they can be purchased at any time for $1,000. | |
b | Once purchased, bonds cannot be sold and must be held until maturity. | |
c | Investors in bonds are part owners of the corporation that issued the bonds. | |
d | For the corporation that issues bonds, bonds are a way to fund its assets. |
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