Business, 30.03.2020 15:40 rosieonwubiko

-IBX Corporation issued 30 year bonds in 2015 that paid 5 percent interest per year. In 2018, IBX filed for Chapter 11 bankruptcy protection following a string of lawsuits over their products. Given that information, which one of the following statements about IBX s bonds is most accurate?The market price of the IBX bonds should be expected to decline. The IBX bonds will have to pay more than 5 percent interest per year in 2019 and beyond. The maturity date of the IBX bonds will be automatically extended to 2048.The par value or face value of the IBX bonds will have to increase.

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