Attempt 1/8 for 8 pts. Part 1 Why would an investor buy an unsecured corporate bond instead of a comparable secured corporate bond? The unsecured bond is more liquid and thus easier to sell. O The unsecured bond has a higher face value. The unsecured bond has higher priority in the case of bankruptcy. The unsecured bond offers a higher yield to maturity Part 2 Attempt 1/8 for 8 pts. Why do bonds with lower seniority have higher yields to maturity than comparable bonds with higher seniority? To compensate investors for less time to maturity. OTo compensate investors for greater default risk. To compensate investors for lower coupons. To compensate investors for lower liqudity