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Suppose that a firm plans to provide defense against asteroids striking the earth. Which of the following is TRUE?
Bonds
Debt securities issued by corporations or governments to raise funds, whereby the issuer owes the holders a debt and is obliged to pay interest.
De Jure Corporation
A corporation that is fully in compliance with all state laws and therefore officially recognized as a legal entity.
De Facto Corporation
A company that operates as if it were legally incorporated, despite not having completed the necessary incorporation processes, and may thus be treated as a corporation in many contexts.
Shareholders
Owners of shares in a company, giving them rights to vote on company matters and receive dividends.
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