Examlex
Stockholders
The listed occupations of stockholders of a regional electric utility company included 9 percent who were homemakers.Six of these stockholders are randomly selected.
-What is the probability that exactly three are homemakers?
Bond Payments
The regular interest payments made to bondholders, as well as the return of principal at the bond's maturity date.
Debenture
An unsecured loan certificate issued by a company, backed by general credit rather than by specified assets.
Issuing Firm
A company that offers securities to the public or existing shareholders.
Unfunded Bond
A bond issued without a specific reserve fund set aside for its repayment, relying solely on the issuer's general creditworthiness.
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