The Purpose of a Sinking Fund Is To

question 12

Multiple Choice

The purpose of a sinking fund is to:

• A)Reduce the par value of stock over time
• B)Take advantage of the tax break on preferred stock
• C)Periodically retire debt prior to final maturity
• D)Allow risky corporations to avoid bankruptcy

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Definitions:

NFC

Short for Near Field Communication, a set of communication protocols that enable two electronic devices to establish communication when they are within 4 cm of each other.

CRM

Customer Relationship Management, a strategy for managing an organization's relationships and interactions with current and potential customers.

Mobile CRM

A CRM approach that enables access to customer data, interaction capabilities, and customer management tools through mobile devices, enhancing flexibility and outreach.

On-demand

Refers to services or systems that are available anytime as per the user's request or need.