Which of the Following Statements Is Correct

question 17

Multiple Choice

Which of the following statements is correct?

• A)A secured bond has specific assets pledged as collateral to secure it.
• B)An unsecured bond can be paid at the option of the issuer.
• C)A bond trustee is appointed to represent the issuing company.
• D)The bond indenture specifies the market rate of interest the investors will earn.

---

Definitions:

Liver

A vital organ in the body responsible for processing nutrients from food, detoxifying harmful substances, and producing bile for digestion.

Amino Acids

Organic compounds that combine to form proteins, serving as the building blocks of life, containing both amino and carboxyl functional groups.

Esophagus

Muscular tube for moving swallowed food from the pharynx to the stomach.

Gallbladder

Organ attached to the liver that serves to store and concentrate bile.