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    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.

    This is not ...

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    The solution helps explain the correct alternative in relation to characteristics of bonds

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