You have recently joined ODP, a leading professional training company supporting law and finance training, based in S-Land. The company has performed well over the years, largely due to prudent management of costs but also due to the careful management of risk. The company currently has no debt but is planning to issue a bond to fund the development of a training facility in neighbouring T-Land. Given the risk-averse culture at ODP, the Board of Directors are keen to get you, as the Finance Manager, to help them plan the bond issue. They are keen to manage the interest cost and the risks. Which correctly reflects the normal interest rate cost and risk of bonds? Solution A.A convertible bond carries a higher interest rate than a comparable redeemable bond. B.A long term bond presents lower risk to the purchaser than a comparable short term bond. C.Not underwriting the bond issue will lower cost and lower risk to ODP. D.A bond secured on ODP's assets will lower the purchaser's risk and may lower cost