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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