BUSN 380 study Great Stories/busn380study.com BUSN 380 study Great Stories/busn380study.com | Page 93

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
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