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A subordinated debenture A. is a long-term corporate debt that is secured by specific assets. B. entitles the bondholder to purchase shares of common stock

A "subordinated debenture"

A. is a long-term corporate debt that is secured by specific assets.

B. entitles the bondholder to purchase shares of common stock at a specific price.

C. is a bond with a call provision convertible to preferred stock.

D. is an unsecured bond with a claim on assets inferior to that of secured creditors.

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