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04-02-2020
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g Declaring bankruptcy by the bond issuing firm ______ . a. has no impact on value of its bonds b. increases the value of its bonds c. decreases the value of its bonds d. makes the value of its bonds worthless

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Karabo99 Karabo99

05-02-2020

Answer:

c. decreases the value of its bonds

Explanation:

There is a significant decrease in the value of the bond if the firm declares bankruptcy.

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