Question
A bond that promises payments of principal and interest but pledges no specific assets in case of default is categorized as A) an indenture. B)
A bond that promises payments of principal and interest but pledges no specific assets in case of default is categorized as A) an indenture. B) a convertible bond. C) a high-yield bond. D) a debenture.
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Fundamentals Of Investments Valuation And Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
9th Edition
1260013979, 9781260013979
