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9. When a business becomes _______________it doesn’t have enough cash to meet its ___________and _____________payments A....

9. When a business becomes _______________it doesn’t have enough cash to meet its ___________and _____________payments

A. illiquid, coupon, principal

B. insolvent, coupon, bankruptcy

C. insolvent, interest, principal

D. None of the above

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Answer #1

When a business becomes insolvent, it doesn't have enough cash to pay for its interest and principal payments

Option C is correct

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