A debenture is ________.
A) a bond secured by specific assets that any firm can issue
B) a secured bond that is secured by unspecified assets
C) a secured bond issued by startup firms
D) an unsecured bond that only creditworthy firms can issue
Question 2
In the DuPont system of analysis, the return on equity is equal to ________.
A) (net profit margin) (total asset turnover)
B) (stockholders' equity) (financial leverage multiplier)
C) (return on total assets) (financial leverage multiplier)
D) (return on total assets) (total asset turnover)
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