Epic Electronics Decides to Pay Off Its Bonds Several Years

question 159

Multiple Choice

Epic Electronics decides to pay off its bonds several years before the maturity date. Apparently, the bonds

• A) contain an early dismissal clause.
• B) have an early retirement option.
• C) are callable.
• D) have discount authorization.

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Definitions:

MBCA

Model Business Corporation Act, a set of model laws implemented by some states to regulate the affairs of corporations.

Guth V. Loft

A notable court case dealing with corporate opportunity doctrine, establishing parameters for fiduciary duty and conflicts of interest within corporations.

Pepsi-Cola Syrup

A concentrated formula used to make Pepsi-Cola beverage, often mixed with carbonated water.

Usurped

The act of taking someone's power or property by force or without legal right.