Characteristics of bonds
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All of the following are characteristics of bonds except
a. in terms of priority, bonds are senior to both common stock and preferred stock.
b. bonds have a stated maturity.
c. the payments on bonds are compulsory.
d. bonds are senior to common stock and junior to preferred stock.
e. bond holders are creditors but not owners
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d. bonds are senior to common stock and junior to preferred stock.
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