Which of the following statements is NOT CORRECT? Answer A. All else equal, secured debt is less risky than unsecured debt. B. Under Chapter 11 of the Bankruptcy Act, the assets of a firm that declares bankruptcy must be liquidated, and the sale proceeds must be used to pay off its debt according to the seniority of the debt as spelled out in the Act. C. The expected return on a corporate bond must be less than its promised return if the probability of default is greater than zero. D. A company