Multiple Choice
Fatima recently started her own tutoring firm to offer study help for high school students. To help finance her new business, which has a very limited track record, she issued bonds that offered relatively high rates of interest and had higher inherent risks. Which type of bond is Fatima most likely using in this scenario?
A) floating-rate bonds
B) junk bonds
C) secured bonds
D) serial bonds
E) debenture bonds
Correct Answer:
Verified
Correct Answer:
Verified
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