Which of the following statements is FALSE?

a. bondholders always have priority over stockholders

b. in a Chapter 11 bankruptcy the company continues to operate

c. a bond default always leads to bankruptcy

d. in a liquidation a trustee sells all the company's assets

The price of a bond is given by

a. its face value plus coupons

b. its coupon rate times face value

c. discounting its coupon annuity and its face value

d. its face value times its term

Treasury bonds provided a safe haven during the stock market crash in 1929 because

a. they entitled the owner to employment

b. they logged in impressive returns during the Great Depression

c. they lost value, but proportionally less than most assets during this period

d. a patriotic path to save the economy