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13) The Board of Directors of a publicly traded company is elected by the: A

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13) The Board of Directors of a publicly traded company is elected by the:

A. common stockholders       B. bondholders            C. CEO                D. workers

14. Which type of bond would pay the least amount of interest rate?

A. B+             B. AAA                     C. A                D. BBB

15. Which type of bond would pay the most amount of interest rate?

A. B+             B. AAA                     C. A                D. BBB

16. Company XYZ has convertible bonds with a conversion ratio of 20. The company stock is trading at $60 per share. An investor purchased a bond at par ($1,000), the investor should now:

A. keep the bond to make a profit of $60                  B. sell the bond to make a profit of $60 per share

C. sell the bond to make a profit of $10 per share    D. sell the bond to avoid a loss of $10 per share