To Secure Financing for a Planned Expansion, Ohio Electronics Borrowed

question 47

Multiple Choice

To secure financing for a planned expansion, Ohio Electronics borrowed $400,000 from King Finance. The ________ loan agreement requires that Ohio Electronics provide the title to their factory as collateral

• A) recapitalization
• B) secured
• C) pledged
• D) minority

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Definitions:

Dividend Per Share

The total dividends declared by a company divided by the number of outstanding shares.