Multiple Choice
Clearview Corporation, a company that deals mainly with the financing and distribution of music, issues debt with a maturity of 15 years. In the case of bankruptcy, holders of this debt will have claim to the intellectual property of Clearview. Which of the following best describes this type of corporate debt?
A) an asset-backed bond
B) a mortgage bond
C) a note
D) a debenture
Correct Answer:
Verified
Correct Answer:
Verified
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