Asked by
Kamille Young
on Nov 21, 2024
Verified
A bond in which specific property supports 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
Secured Bond
A bond backed by collateral to decrease the risk of default.
- Recognize the responsibilities and privileges of corporations in relation to bond and debt instruments.
Verified Answer
SM
Learning Objectives
- Recognize the responsibilities and privileges of corporations in relation to bond and debt instruments.
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