BUSN 380 study Great Stories/busn380study.com BUSN 380 study Great Stories/busn380study.com | Page 92

stockholders must approve the sale of all goods and services by the
company.
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.