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A secured bond is secured by: I. Specific collateral to be paid to secured bondholders in the event of a bond default II. The expected
A secured bond is secured by:
I. Specific collateral to be paid to secured bondholders in the event of a bond default
II. The expected future earnings of the bond issuer
III. An insurance company's financial guarantee of the bond
Select one:
A. I only
B. I and II only
C. I and III only
D. II and III only
E. I, II, and III
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