A Type of Bond That Is Unsecured and Gives Bondholders

question 71

Multiple Choice

A type of bond that is unsecured and gives bondholders a claim secondary to that of other designated bondholders, with respect to both income and assets is called a(n) :

• A)debenture bond.
• B)mortgage bond.
• C)preemptive bond.
• D)subordinated debenture.
• E)treasury bond.

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