In 2015,the Target Corporation Had $12 Billion in Bonds Outstanding

question 74

Multiple Choice

In 2015,the Target Corporation had $12 billion in bonds outstanding.This means that the Target Corporation

• A) was making a loss of $12 billion in 2015.
• B) was due $12 billion from the owners of those bonds.
• C) owed less than $12 billion to the owners of those bonds.
• D) owed more than $12 billion to the owners of those bonds.
• E) owed $12 billion to the owners of those bonds.

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Definitions:

Patrick Henry

An American attorney, planter, and orator best known for his declaration to the Second Virginia Convention: "Give me liberty, or give me death!"

Tea Act

A 1773 law passed by the British Parliament to reduce the massive amount of tea held by the financially troubled British East India Company in its London warehouses and to help the struggling company survive.

American Resistance

Refers to the opposition and pushback by American colonies or citizens against foreign control, policies, or interventions, notably during events like the American Revolution.

East India Company

A historic English company formed for the exploitation of trade with East and Southeast Asia and India, incorporated by royal charter in 1600.