2 5 Two years ago, Boris purchased $ 1 0 , 0 0 0 of Friedman Inc bonds at par One of the conditions set out in the trust deed stated that Friedman would not merge with its largest competitor, Marx Consolidated Yesterday, Boris read in the paper that the two companies had recently merged The article also stated that if the merger had not taken place, Friedman would have been forced into bankruptcy proceedings What will happen to Boris' bonds in this situation The bonds would have to be honored by Marx Consolidated and Boris would continue to recelve his coupons Friedman's bonds would be declared invalid and the outstanding debt would transfer automatically to Marx Consolidated Marx would be under no legal obligation to honour Boris' bonds Boris can demand immediate repayment of the principal on each of his bonds

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2 5   Two years ago, Boris purchased $ 1 0 , 0 0 0 of Friedman Inc  bonds at par  One of the conditions set out in the trust deed stated that Friedman would not merge with its largest competitor, Marx Consolidated  Yesterday, Boris read in the paper that the two companies had recently merged  The article also stated that if the merger had not taken place, Friedman would have been forced into bankruptcy proceedings  What will happen to Boris' bonds in this situation  The bonds would have to be honored by Marx Consolidated and Boris would continue to recelve his coupons  Friedman's bonds would be declared invalid and the outstanding debt would transfer automatically to Marx Consolidated  Marx would be under no legal obligation to honour Boris' bonds  Boris can demand immediate repayment of the principal on each of his bonds

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Question: 2 5 - Two years ago, Boris purchased $ 1 0 , 0 0 0 of Friedman Inc. bonds at par. One of the conditions

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