Multiple Choice
Magenta Oil and Gas Exploration Inc. is issuing a $25 million, 10% bonds to partially finance a refining facility. There are no assets pledged against it for security. This type of financing is called a/an
A) Debenture
B) Limited bond
C) Unlimited liability
D) Unsecured mortgage
E) Open ended loan
Correct Answer:
Verified
Correct Answer:
Verified
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