Please respond to the following questions pertaining to bonds. Please remember to fully explain your answers and provide examples whenever possible.

1. Explain the difference between a secured corporate bond and an unsecured corporate bond.
2. Explain why bonds with lower seniority have higher yields than equivalent bonds with higher seniority.
3. Explain what are the differences among a foreign bond, a Yankee bond and a Eurobond.
4. Define what are restrictive covenants and what it means to (how it affects) the company that is issuing bonds.
5. Explain what happens to the price of a new bond that contains restrictive covenants and why a company would voluntarily choose to put restrictive covenants into a new bond issue.
6. Define what is a call feature and what it means to (how it affects) the company that is issuing bonds and what it means to (how it affects) the bondholder.
7. Explain why a call feature may be valuable to a company issuing bonds.