If a Limited Partnership Certificate Is Never Filed, All Partners

question 48

True/False

If a limited partnership certificate is never filed, all partners are treated as general partners.

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Definitions:

Coupon

The interest rate on a bond that the issuer promises to pay to the holder until maturity, usually expressed as an annual percentage.

Tax Rate

The proportion of income, profits, or other bases that is paid or levied as tax by the government, typically expressed as a percentage.

Cost of Preferred Stock

The effective rate that a company pays on its issued preferred shares, calculated by dividing the dividend by the current price of the stock.

Par Value

The face value of a bond or stock, as stated by the issuing company, which does not necessarily reflect market value.