If a Company's Stock Price Is Expected to Increase Substantially

question 18

Multiple Choice

If a company's stock price is expected to increase substantially over the next few years, which of the following may entice potential bondholders to accept a lower coupon rate?

• A)Extendability
• B)Call feature
• C)Convertibility
• D)Reserve feature

Know the implications of unauthorized practice of law (UPL) and how it applies to paralegals.

Comprehend the importance of disclosing one’s status as a paralegal in professional relationships.

Understand the concept of “ethical walls” and how they are used to manage conflicts of interest.

Recognize the regulatory environment surrounding paralegals including licensing, certification, and regulation by ethical codes.

---

Definitions:

Necessary

Something essential or required for a particular purpose or outcome, often in the context of achieving goals or fulfilling conditions.

Proper Clause

The clause in the U.S. Constitution granting Congress the power to make all laws which shall be necessary and proper for carrying into execution its powers.

Elastic Clause

The provision in the U.S. Constitution that grants Congress the power to pass all laws necessary and proper for carrying out its enumerated powers, also known as the Necessary and Proper Clause.

Full Faith

A principle requiring states to respect and enforce the public acts, records, and judicial rulings of other states, derived from the U.S. Constitution.