e. All of the above f. None of the above 7. Which is incorrect about public offering? a. It is sold to limited to qualified investors. b. It is sold to non-qualified and qualified investors. c. It is sold to any interested investors. d. Itis sold to whether big or small investors. e. All of the above f. None of the above 8. Which is least likely true about bonds? a. It is a financial security. b. The issuer has the obligation to make specified payments. c. Bondholders have the right to make decisions onthe fim's affairs. d. Bondholders have the right to claim interest payments. e.c & d f. All of the above g. None of the above 9. It refers to the legal contract for the bond. a. Debenture b. Indenture с. Coupon d. Bondcertificate e. All of the above f. None of the above 10. Which is correct about covenants? a. Covenants are written promises of the issuer that is enforceable by law. b. Covenants are promises to do andnotto do. c. Covenants include interest and principal payments. d. Covenants include a prohibition against disposing of collateral. e. An employee receives minimal income at their early career stage but eventually he/she receives f. All of the above g. None of the above 11. Which is an incorrect scenario on covenants? a. The issuing firms pursued revenue generating projects to ensure payment of the interest and the principal on a timely basis. b. The issuing firm disposes a mortgage on a bond to settle other creditors' claims to prevent insolvency. c. The issuing firm submitted periodic reports to the trustee bank to fulfill the loan agreement. d. The issuing firmdisposed the collateral to settle the agreement with the bondholders. e. B & D f. All of the above g. None of the above 12. Statement 1: Bond issuers can take additional loans against the properties that were considered as collaterals for the bonds. Statement 2: Bond is suers can impose the taxes paid for registering the bonds against on the interest andprincipal claims of the bondholders. Statement 3: Bond is suers can prioritize other claims of other creditors over the bondholders in cases of bankruptey. Statement 4: Bond issuers can paydividends of shareholders though the bondholders were not yet paid so long as the board ofdirectors have decided onit. Statement 5: Bond issuers can take additional loans that would potentially compromise the ability of even