Speculative, or non-investment-grade, bonds have an S&P bond ...

[Jramos095]

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.

[raenoj]

Answer to Question 1

A

Answer to Question 2

B