Which of the following statements is correct? Senior debt carries a lower coupon rate than junior debt due to its lower default risk and higher repayment priority Secured debt has a lower priority of repayment than unsecured debt, in the event of bankruptcy, because the latter is free from obligations. O Adebenture is a secured bond that is backed by some or all of the firm's fixed assets. Junk bonds typically provide a lower yield to maturity than investment-grade bonds because investor prefer the latter. Convertible bonds have higher coupon rates than non-convertible bonds of similar default risk because the risk of the former increases on conversion