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    Analysis of Investments
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    Exam 17: Bond Fundamentals
  5. Question
    When a Bond Issue Is Secured by a Legal Claim
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When a Bond Issue Is Secured by a Legal Claim

Question 27

Question 27

Multiple Choice

When a bond issue is secured by a legal claim on equipment it is known as a(n)


A) Junior bond.
B) Income bond.
C) Bearer bond.
D) Trust certificate.
E) Perpetuity.

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