A "Subordinated Debenture

question 28

Multiple Choice

A "subordinated debenture"

• A) must be transferred with the bond to which it is attached.
• B) is used mainly by railroad companies and usually specifies equipment as collateral.
• C) entitles the bondholder to purchase shares of common stock at a specific price.
• D) is an unsecured bond with an inferior claim on assets in the event of liquidation.

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