Which One of the Following Statements Is Correct Concerning Bond

question 150

Multiple Choice

Which one of the following statements is correct concerning bond classifications?

• A) A debenture is a long-term bond secured by the fixed assets of a firm.
• B) A mortgage security is a bond issued solely by a home builder.
• C) A note is a bond which has an original maturity date longer than 10 years.
• D) A subordinated bond receives preferential treatment over all other bonds in a bankruptcy.
• E) A callable bond can be repurchased by the issuer prior to the initial maturity date.

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Definitions:

Glia

Specialized cells in the nervous system that support, protect, and nourish neurons, playing a crucial role in brain function.

Neurons

Specialized cells in the nervous system that transmit information through electrical and chemical signals.

Sodium Ions

Positively charged particles of sodium, crucial for conducting nerve impulses, muscle contraction, and maintaining fluid balance.

Potassium Ions

Essential electrolytes in body fluids that play key roles in cellular function and electrical charge conveyance in neurons.