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True / False Questions 54.The maximum number of shares that a

Question : True / False Questions 54.The maximum number of shares that a : 1409485

 

True / False Questions
 

54.The maximum number of shares that a firm can issue is known as authorized shares. 
 
 

55.Debt that comes due after one year is called long-term debt. 
 
 

56.U.S. firms, in general, have been repurchasing shares and thus net equity issues have been negative. 
 
 

57.The par value of a firm's stock has little economic significance. 
 
 

58.The single European currency established by the European Union is called the euro. 
 
 

59.Eurobonds are almost always denominated in euros. 
 
 

60.LIBOR stands for London Interbank Offered Rate. 
 
 

61.A warrant is a type of option. 
 
 

62.Financial intermediaries provide the following important functions for the economy: the payment mechanism, borrowing and lending, and pooling of risks. 
 
 

63.Compared to normal bondholders, convertible bondholders have a greater interest in seeing the firm's stock price increase. 
 
 

64.Dual-class shares are often created to give one group of owners more control rights over the company than another group. 
 
 

 

 

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