Question: Question 24 (4 points) Listen A bond for which no specific property has been pledged as security is classified as a: 1) Indenture 2) Debenture

Question 24 (4 points) Listen A bond for which no specific property has been pledged as security is classified as a: 1) Indenture 2) Debenture 3) Bearer bond 4) Sinking fund bond Question 25 (4 points) Listen Among the following bonds, which one has a price that is most sensitive to changes in interest rate? 1) a 20-year, zero coupon 2) a 20-year, 5 percent coupon bond 3) a 10-year, 15 percent coupon bond 4) a 5-year callable bond with a sinking fund feature

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