NO.PZ2022090601000005
问题如下：
True or false: Bondholders can become shareholders through non-market-based means. Justify your answer.
(备注：原版书课后题原题。和真题的出题形式不同，大家做题时不用纠结题目形式，关注知识点原理即可)
选项：
A.True. B.False.解释：
SolutionA is correct; the statement is true. If a company fails to meet its obligation to bondholders and ultimately needs to petition the courts for bankruptcy protection, a potential alternative to asset liquidation to maximize proceeds for debt repayment is business reorganization. Following that path through the legal process as opposed to transactions in private or public markets, the company can be reorganized with shareholders getting wiped out and bondholders becoming its new shareholders.
