The market price of a callable bond will not generally exceed its call price, except in the case of a convertible bond
Indicate whether the statement is true or false
TRUE
You might also like to view...
Edwards Corp. lent Lark $200,000. At Edwards's request, Lark entered into an agreement with Owen and Ward for them to act as compensated co-sureties on the loan in the amount of $200,000 each. If Edwards releases Ward without Owen's or Lark's consent, and Lark later defaults, which of the following statements is correct?
A. Lark will be released for 50% of the loan balance. B. Owen will be liable for the entire loan balance. C. Owen will be liable for 50% of the loan balance. D. Edwards's release of Ward will have no effect on Lark's and Owen's liability to Edwards.
The primary goal of meet-the-competition method of developing a marketing communications budget is to prevent the loss of market share
Indicate whether the statement is true or false