To Amend a Corporate Charter Requires Approval by

question 7

Multiple Choice

To amend a corporate charter requires approval by

• A) stockholders only
• B) management
• C) the state
• D) both the state and the stockholders

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Definitions:

Bond

A fixed income instrument that represents a loan made by an investor to a borrower, typically corporate or governmental.

Zero-Coupon Bond

A bond paying no coupons that sells at a discount and provides only payment of face value at maturity.

Discount Rate

The interest rate used to discount future cash flows to their present values, often used in investment appraisal and risk assessment.

Duration

The measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates, often expressed in years.