Which of the following is TRUE?

Select one :

a . A bond's price moves to par value as it approaches maturity

b. Debentures are riskier investments than mortgage bonds.

c. Subordinated debt is less risky than mortgage bonds

d. Both a & b

Which of the following is TRUE? Select one: a. A bond's price monoves to par value as it approaches maturity. b. Debentures are riskier investments than mortgage bonds. c. Subordinated debt is less risky than mortgage bonds d. Both a \& b