Question: I need help please! thanks 2. The yield on a bond depends on the risk characteristics of the bond when issued, taxation treatment, bonds' liquidity,
2. The yield on a bond depends on the risk characteristics of the bond when issued, taxation treatment, bonds' liquidity, and other factors. All things being equal, which bond will pay a higher coupon rate in the following cases? Briefly explain why. a. Secured debt vs. a debenture b. Subordinated debenture vs. senior debt c. A callable bond vs. a non-callable bond d. Income bond vs. a conventional bond e. Convertible bonds vs. conventional bond f. A corporate bond rated AAA by S&P vs. a "junk bond" g. Municipal bonds (which are free from most taxes) vs. taxable bonds
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