indenture holder chairman of the board
Question 17. 17.( TCO 5) A _____ bond is unsecured and gives bondholders a claim secondary to that of other designated bondholders with respect to both income and assets.
subordinated debenture mortgage debenture preemptive Treasury
Question 18. 18.( TCO 5) A( n) _____ bond is one that can be exchanged, at the owner ' s option, for a specified number of shares of the corporation ' s stock.
debenture convertible indenture flexible subordinated
Question 19. 19.( TCO 5) If a corporation is allowed to buy outstanding bonds from current bondholders before the maturity date, this is referred to as
a flexible bond. a convertible option.