Real estate investments are classified as: conservative or risky. participating or nonparticipating. common or preferred. direct or indirect. cumulative or noncumulative. Previous Question 10 2 pts Frank Riley just purchased a bond that is unsecured and is secondary to other unsecured bonds with respect to interest payments or repayment at maturity. What type of bond has Frank purchased? Callable Municipal Subordinated debenture Convertible High-yield Previous Ne