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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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