Examlex
A bond is currently trading below par. Which of the following must be true about that bond?
Preemptive Merger
A strategic merger aimed at preventing potential competition by acquiring or merging with a competitor before they become a larger threat.
Justice Department
A government department responsible for the enforcement of the law and administration of justice.
Staggered Board
A corporate board of directors structure where members are divided into classes serving different term lengths, making it difficult for a complete board takeover in any single election.
Poison Pills
A defensive strategy used by companies to deter hostile takeovers by making the company less attractive to potential acquirers.
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