Remaining Time: 1 hour, 29 minutes, 27 seconds. Question Completion Status: QUESTION 1 Callable bonds can be exchanged for a fixed number of shares of the issuing corporation's common stock. True False QUESTION 2 Management's intent determines whether an available-for-sale security is classified as long-term or short-term. True False QUESTION 3 One of the similarities of bond and equity financing is that both dividends and equity distribution payments are tax deductible. True False QUESTION 4 A company borrowed cash from the bank by signing a 5-year, 8% installment note. The present value for an annuity (series of payments) at 8 % for 5 years is 3.9927. The present value of 1 (single sum) at 8 % for 5 years is.6806. Each annual payment equals $75,000. The present value of the note is: $375,000.00. Save All Answe