Time value of Money orporations can affect the default risk of their bonds by changing the type of bonds they issue Under a mortgage bond, the corporation pledges certain assets as security for the bond A debenture is an unsecured bond, and as such, it provides no lien against specific property as security for the obligation. Debenture holders are, therefore, general creditors whose claims are protected by property not otherwise pledged. Subordinated debentures have claims on assets, in the event of bankruptcy, only after senior debt as named in the subordinated debt's indenture has been paid off. Subordinated debentures may be subordinated to designated notes payable or to all other debt Some companies may be in a position to benefit from the sale of either development bonds or pollution control bonds. State and local governments may set up both industrial development agencies and polilution contro agencies. The agencies are allowed, under certain circumstances, to sell tax-exempt bonds, then to make the proceeds available to corporations for specific uses deemed by Congress to be in the public interest Let's continue discussion on this topic Discussion prompt, resource or iea/example Please post your initial response by 23.59 CST Wednesday of Week, and comment on the posts of two classmates by 23.59 CST Saturday Include assignment-specific and university/program policles related to the assignment here. These can include late work policies, expectations regarding proper citations, acceptable means of responding to peer feedback, and other expectations Please post your initial response by 23 59 EST Wednesday, and comment on the posts of two classmates by 23.59 EST Saturday 3 5 7 8 Disscuse this topic in a summary. of your opinion