For a company wishing to raise capital, is it more desirable to use a secured bond or a debenture and why?

Select answer from the options below

A company should issue a debenture as they are bonds backed only by an independent estimate of future earnings, whereas secured bonds must be backed by company assets that the company could lose if the bond is not repaid.

A company should issue a secured bond as they are bonds backed only by a company$$s intangible strengths, whereas debentures must be backed by company assets that the company could lose if the bond is not repaid.

A company should issue a debenture as they are bonds backed only by a company$$s intangible strengths, whereas secured bonds must be backed by company assets that the company could lose if the bond is not repaid.

A company should issue a debenture as the company will not have to pay interest to the purchasers, whereas companies must pay a fixed rate of interest to secured bond purchasers.