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    Exam 12: The Bond Market
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    Long-Term Unsecured Bonds That Are Backed Only by the General
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Long-Term Unsecured Bonds That Are Backed Only by the General

Question 46

Question 46

Multiple Choice

Long-term unsecured bonds that are backed only by the general creditworthiness of the issuer are called


A) junk bonds.
B) callable bonds.
C) convertible bonds.
D) debentures.

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