Question
A company paid interest of 5% on bonds and used the funds to earn a return of 8%. The primary beneficiaries of this outcome are
A company paid interest of 5% on bonds and used the funds to earn a return of 8%. The primary beneficiaries of this outcome are the:
common stockholders.
preferred stockholders.
bondholders.
none of these
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
