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Which of the following statements regarding serial bonds is true? a)The bonds do not all mature on the same date. b)They are strongly backed by

Which of the following statements regarding serial bonds is true?

a)The bonds do not all mature on the same date.

b)They are strongly backed by the issuer's collateral.

c)They are likely to be issued by food companies.

d)They have shorter lives than term bonds.

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