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________ Is a Successful Example of a Virtual Corporation

question 102

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________ is a successful example of a virtual corporation.


Definitions:

Stock

An ownership share in a company that represents a claim on part of the corporation's assets and earnings.

Contract Rate

The agreed-upon interest rate specified in a contractual agreement, such as a loan or bond.

Bond

An interest-bearing note payable usually in $1,000 denominations issued by a corporation to a large group of lenders.

Annual Interest Rate

The percentage of interest that will be charged or earned on a principal amount over the course of a year.

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