4. Bond terms (S25.1) Select the most appropriate term from within the parentheses: a. (High-grade bonds/Low-grade bonds)

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4. Bond terms (S25.1) Select the most appropriate term from within the parentheses:

a. (High-grade bonds/Low-grade bonds) generally have only light sinking-fund requirements.

b. Equipment trust certificates are often issued by (railroads/bank holding companies).

c. Mortgage pass-through certificates are an example of (an asset-backed security/a convertible bond).

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