Asked by
Jocel Flores
on Nov 21, 2024
Verified
A bond in which no assets support the corporations' obligation to repay the face value of the bond is called a(n) ________ bond?
A) Unsecured
B) Secured
C) Equity
D) Convertible
E) Income
Unsecured Bond
A type of bond that is not backed by any collateral, making it a riskier investment option compared to secured bonds.
- Understand the liabilities and advantages for corporations concerning debt instruments and bonds.
Verified Answer
MA
Learning Objectives
- Understand the liabilities and advantages for corporations concerning debt instruments and bonds.
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