Secured bonds:

$03153$

Multiple Choice

Are called debentures.

Have specific assets of the issuer pledged as collateral.

Are backed by the issuer's bank.

Are subordinated to those of other unsecured liabilities.

Are the same as sinking fund bonds.

Ic

aw

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$21$ of $60$

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eq

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$80$

F$2$

E$3$

F$4$

$*$

$*$

$4$