14. With regards to corporate bonds, high yield (or junk") bonds generally have the following characteristics when compared with senior debt: 3. Have less credit risk, higher priority of claims, and are more often collateralized. b. Have more credit risk, higher priority of claims, and are more often not collateralized. c. Have less credit risk, a higher priority of claims, and are more often not collateralized. d. Have more credit risk, lower priority of claims, and are more often not a. collateralized. None of the above. e