Melodic Music, Inc

question 250

Multiple Choice

Melodic Music, Inc., recently offered bonds for sale to the public. The unsecured corporate bond paid interest of 8% to investors for the 20-year life of the bonds. Melodic Music is obligated to

• A) represent each bondholder as an owner in the company.
• B) pay interest semi-annually.
• C) pay stockholders their dividends, before paying bondholders their interest.
• D) pay each owner their principal if and when they want to cash in their investment.

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