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3. Which of the following is not a characteristic of debenture Bonds? A) payment of interest to bondholders is required B) they are not secured

3. Which of the following is not a characteristic of debenture Bonds?

A) payment of interest to bondholders is required

B) they are not secured by any specific assets of the corporation

C) bondholders have priority over common stockholders in the liquidation of assets

D) bonds cannot be retired before the end of their life

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