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:
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The suggested answer is C.

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Question 7 of 400

The definition of debentures is:
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The suggested answer is D.

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Question 8 of 400

Convertible bonds have all of the following features except:
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The suggested answer is C.

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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:
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The suggested answer is C.

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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?
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The suggested answer is D.

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