Legal capital equals the par value of common stock minus the paid-in-excess of par on the common shares
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Legal capital equals par value of common stock plus the paid-in-excess of par on the common shares.
Business
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a. True b. False Indicate whether the statement is true or false
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If a bond sells for a premium, the current yield exceeds the yield to maturity
Indicate whether the statement is true or false
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