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Which of the following statements about refunding operations is CORRECT? Check all that apply: a) Refunding operations allow corporations to reduce their interest expense. b)
Which of the following statements about refunding operations is CORRECT? Check all that apply:
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a) | Refunding operations allow corporations to reduce their interest expense. |
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b) | Refunding operations only occur after a significant interest rate increase. |
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c) | Refunding operations allow the corporation to refund investors who no longer want to hold the company's bonds. |
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d) | Refunding operations are typically completed using the company's existing cash reserves. |
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