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Why would an investor buy an unsecured corporate bond instead of a comparable secured corporate bond? The unsecured bond has a higher face value. The

Why would an investor buy an unsecured corporate bond instead of a comparable secured corporate bond?

The unsecured bond has a higher face value.

The unsecured bond offers a higher yield to maturity.

The unsecured bond has higher priority in the case of bankruptcy.

The unsecured bond is more liquid and thus easier to sell.

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