Show 4 I 4 I THE ANSWERS I 4 I Below are the answers to the Now You Ask One question on page 3 3 1 I-A I A bond Is Ls an an interest-bearing interest certificate of o indebtedness 2 A 2 A mortgage is R a conveyance of property as ns security for a debt on the condition that if 1 the debt is paid the conveyance con shall be void old 3 Any 3 Any articles of o value pledged as security as for a loan are called col cot lateral 4 Debentures 4 are certificates of o in indebtedness in- in unsecured or secured by secondary obligations 5 The 5 The stock of a company is its capital in the form of o transferable shares each of a certain amount 6 The G-The The par value of stock is its nominal or face value alue representing the price at which the stock was as Is Is- Is issued sued sud 7 Preferred 7 l stock ordinarily bears fixed and guaranteed payment of o divi divi- dividends but represents no voting power in the corporation 8 Common 8 Common stock entitles its holder to voting privileges in the corpora corpora- corporation corporation corporation tion but bears no fixed or guaranteed dividends 9 Dividends I-Dividends are shares of profits pro of a corporation distributed d to stock stock- holders 10 Assets lo-Assets Assets are the entire property of an individual or a corporation avail avail- available available able for the payment of ot debts |