If bonds payable are not callable, the issuing corporation a.can exchange them for common stock b.can repurchase them in the open market c.is more likely to repurchase them if the interest rates increase d.must get special permission from the SEC to repurchase them

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter20: Hybrid Financing: Preferred Stock, Warrants, And Convertibles
Section: Chapter Questions
Problem 4Q
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  1. If bonds payable are not callable, the issuing corporation

    a.can exchange them for common stock
    b.can repurchase them in the open market
    c.is more likely to repurchase them if the interest rates increase
    d.must get special permission from the SEC to repurchase them
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