1CHAPTER 24 The Many Different Kinds of Debt Answers to Problem Sets 1. a. High-grade utility bonds b. Industrial holding companies c. Industrial bonds d. Railroads e. Asset-backed security. 3. a. You would like an issue of junior debt. b. You prefer it not to do so (unless it is also -junior debt). The existing property may not be sufficient to pay off your debt. 4. a. First Boston Corporation b. Bank of America National Trust and Savings Association c. $986.14 d. Registered e. 103.0%. 7.