Which of the Following Types of Bonds Have the Lowest

question 115

Multiple Choice

Which of the following types of bonds have the lowest bondholder security risk?

• A) closed-end mortgage bond
• B) subordinated debenture
• C) open-end mortgage bond
• D) all the above would have the same risk

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Definitions:

Local Static Variables

Variables defined within a function that maintain their value between function calls and are initialized only once.

Existence

The fact or state of living or having objective reality.

Initialization

The process of assigning an initial value to a variable at the time of its creation.

Static Variables

Variables that retain their value between function calls and are local to the function block in which they are declared but their lifespan is the duration of the program.