9. More on types of bonds You can distinguish the various types of bonds by their terms of contract, pledge of collateral, and so on. Identify the type of bond based on each description given in the table that follows: Description Type of Bond These bonds have a claim on assets only after senior debt has been paid in full These bonds are not backed by any physical collateral. They[ are backed by the reputation and creditworthiness of the issuing company These bonds are collateralized securities with first claims in the [ event of bankruptcy. Based on your understanding of bond ratings and bond-rating criteria, which of the following statements is true? O An indenture is a legal document that details the nights of bondholders. If the indenture includes a sinking O An indenture is a legal document that details the rights of bondholders. If the indenture includes a sinking funds provision, the bond will have less default risk funds provision, the bond will have more default risk In 2008, the United States began to witness one of the worst recessions since the 1930s. The collapse of the housing