____________________ bonds are issued in a series so that a specified amount of the bonds mature each year

Some investors think that Prestige Entertainment's repurchase program was a bad deal for shareholders, because the company paid too much for its repurchased shares

Over the last quarter, Prestige repurchased 717.16 million shares at an average price of $17.35 per share. Shares outstanding are now 11,235.51M and the stock price is $12.01, which analysts regard as its fair value. What price was Prestige trading for before the repurchase? A) $11.28 B) $12.01 C) $12.33 D) $13.06 E) $14.03

What type of adjustment to debt is in practice?

What will be an ideal response?