Which of the following are true in distinguishing between a mortgage bond and a debenture? A. In
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A. In case of default, mortgage bondholders have the first right to proceeds from the sale of that property.
B. A debenture is a debt security with a general claim against the company's total assets, instead of a particular asset.
C. Mortgage bonds are secured by the pledge of specific property.
D. All of the above are correct.
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