Question: When corporations default on their debt: Multiple Choice the corporation is forced to default on its stock also. the board of directors is liable for

When corporations default on their debt:
Multiple Choice
the corporation is forced to default on its stock also.
the board of directors is liable for the payments.
bondholders may receive the firm's assets.
17?
bondholders will suffer a loss.
When corporations default on their debt: Multiple Choice the corporation is

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