Describe the different reasons that the U.S. Government, local governments, and corporations might issue bonds. One company has issued two bond classes. One issue is a mortgage bond and the other is a debenture. Which issue will have a higher bond rating and which issue will offer a higher yield? Why? If you were purchasing bonds, would you prefer debentures or mortgage bonds? Why?

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Bonds Are Big Bonds play a vital role in the United States economy and at the same time it has impac... View the full answer