In Order to Accommodate the Large Liver

question 106

Multiple Choice

In order to accommodate the large liver,

• A) the left kidney is about 2 centimeters inferior to the right kidney.
• B) the right kidney is about 2 centimeters inferior to the left kidney.

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Definitions:

Convertible Debt

A type of bond or loan that can be converted into a predetermined amount of the company's equity at certain times during its lifespan, usually at the discretion of the bondholder.

Zero Coupon Bond

A bond that pays no interest during its life. A “zero” sells for the present value of the principal repayment. However, the IRS imputes interest during the bond’s life on which the bondholder must pay tax.

Tax Implications

The potential tax effects or consequences of business transactions, personal income, or investment decisions.

Call Provisions

Clauses in bond contracts that allow the issuer to repay the bond before its maturity date, often at a premium price.