> Question 23 2 pts The choice by corporate issuers to offer subordinated debt is primarly driven by considerations capital gains tax o enhanced liquidity absolute priority rule O sinking tund restrictive covenant D Question 24 2 pts Compared to benchmark Treasures at a given maturity horizon, the risk factor that most often leads to the largest yield adjustment fup or down for corporate bonds is risk default differentiation call convertibility liquidity Question 25 2 pts Which of the following statements regarding municipal bonths is true