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Author Question: Speculative, or non-investment-grade, bonds have an S&P bond rating of A) BB or less. B) BBB ... (Read 102 times)

Jramos095

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on: Jul 10, 2018
Speculative, or non-investment-grade, bonds have an S&P bond rating of
 
  A) BB or less. B) BBB or less. C) CCC or less. D) C or less.

Question 2

Which of the following is FALSE concerning bonds?
 
  A) Subordinated debentures are riskier than unsubordinated debentures.
  B) Debentures are secured by assets other than real estate.
  C) The indenture spells out the obligations of the bond issuer.
  D) Mortgage bonds are secured by assets such as real estate.
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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raenoj

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Reply #1 on: Jul 10, 2018
Answer to Question 1

A

Answer to Question 2

B


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