When a Firm Is Taken Private,its Stock Is

question 141

Multiple Choice

When a firm is taken private,its stock is:

• A)converted into bonds.
• B)converted into cash.
• C)no longer sold to investors on the open market.
• D)pledged as collateral to its bondholders.

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Definitions:

Close Friendship

An intimate, deep bond between people characterized by mutual respect, affection, and trust.

Talkative

Characterized by the tendency or willingness to engage in prolonged or frequent conversations.

Intelligent

The ability to acquire and apply knowledge and skills, showing a high level of understanding, reasoning, and cognitive function.

Politically Conservative

Holding to traditional attitudes and values and cautious about change or innovation, typically in relation to politics or religion.