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Which of the following statements is FALSE? Collateral trust bonds are debt instruments that are secured by real assets. The bullet (balloon) payment refers to

Which of the following statements is FALSE?

Collateral trust bonds are debt instruments that are secured by real assets.

The bullet (balloon) payment refers to the principal payment made in one lump sum at maturity.

Debentures are debt instruments that are generally unsecured.

Protective covenants can be positive or negative.

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