Multiple Choice
Which of the following statements is correct?
A) A secured bond has specific assets pledged as collateral to secure it.
B) An unsecured bond can be paid at the option of the issuer.
C) A bond trustee is appointed to represent the issuing company.
D) The bond indenture specifies the market rate of interest the investors will earn.
Correct Answer:
Verified
Correct Answer:
Verified
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