Which of the following statements is incorrect?______.A.Debt instruments have a face value
Which of the following statements is incorrect?______.
A.Debt instruments have a face value of the principal amount to be repaid at maturity.
B.Holders of equity usually take precedence over holders of debt instruments in a liquidation.
C.The interest payable on debt instruments is always specified at the outset of the loan.
D.Bonds are negotiable debt instruments.