After Considering His Options for the Disposition of the Philippines,President

question 23

Multiple Choice

After considering his options for the disposition of the Philippines,President McKinley

• A) annexed the entire Philippines on the basis that the Filipinos could not govern themselves.
• B) offered Filipinos independence after five years,but they refused his terms.
• C) offered to return the islands to Spain,which said that it was no longer interested.
• D) approached Germany about a joint protectorate arrangement,which it refused.

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Definitions:

Convertible Debenture

A type of bond that the holder can convert into a specified number of shares of common stock in the issuing company.

Conversion Value

The monetary value of a convertible security if it is converted into a different asset, usually shares of the issuing company's stock.

Bond Value

This refers to the present value of a bond's future interest payments plus the face value of the bond when it matures, essentially the price at which a bond is traded.

Credit Default Swaps

Financial derivative contracts that transfer the credit exposure of fixed income products between parties, used as a form of insurance against default on loans or bonds.