corporations are required by law to have two stockholder meetings each year.
stockholders must approve major changes to corporate policies.
Question 14. 14.( TCO 5) Assume that you purchased a $ 1,000 Exxon bond that pays 8.5 % interest. What is the amount of interest you would receive every 6 months?
$ 42.50 $ 8.50 $ 85 $ 4.25 $ 1,000
Question 15. 15.( TCO 5) Corporate bonds typically pay interest every month. 6 months. 3 months. 9 months. year.
Question 16. 16.( TCO 5) The _____ is the financially independent firm or individual that acts as the bondholders ' representative.
trustee president of the corporation debenture holder