Question 6 of 400
Bubba owns stock with cumulative voting rights. There are five vacancies on a board and he owns 100 shares of stock. Bubba is entitled to cast the following votes:
Correct Answer: C

Question 7 of 400
The definition of debentures is:
Correct Answer: D

Question 8 of 400
Convertible bonds have all of the following features except:
Correct Answer: C

Question 9 of 400
Although a corporation has no earnings in a particular year, it is obligated to pay interest on all its outstanding debt except the following:
Correct Answer: C

Question 10 of 400
Interest rates rise from 5.10% to 5.30%. For a prospective buyer of five $1,000 bonds, what is the increase in interest payments as a result of the rise?
Correct Answer: D