What Are "Stripped Bonds

question 82

Multiple Choice

What are "stripped bonds"?

• A)Bonds that pay the market rate of interest.
• B)Bonds that are unsecured.
• C)Bonds that pay no interest and are sold at a discount.
• D)Bonds that are sold at a premium.

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Definitions:

Corporation by Estoppel

A principle where a company is treated as if it were legally incorporated, due to its conduct, even if it failed to complete the formal incorporation process.

Defectively Organized

Pertains to an entity or group that has not been set up correctly according to legal requirements or standards.

Shareholder Manager

An individual who both owns shares in a corporation and actively manages or participates in its governance and operations.

Annual Franchise Fee

A fee paid by franchisees to franchisors, typically on an annual basis, for the right to continue operating under the franchisor's brand and system.