For Proposal 3, the initial outlay equals ________. (See Table 11.2)
A) 170,400
B) 211,000
C) 196,000
D) 300,000
Question 2
Bonds that can be redeemed at par at the option of their holders either at specific date after the date of issue and every 1 to 5 years thereafter or when and if the firm takes specified actions such as being acquired, acquiring another company, or
issuing a large amount of additional debt are called ________.
A) zero coupon bonds
B) junk bonds
C) floating-rate bonds
D) putable bonds
