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Which of the following will have the greatest need of strong bond covenants if it is to receive a high bond rating?

 Which of the following will have the greatest need of strong bond covenants if it is to receive a high bond​ rating?

A.

an

assetminus−backed

bond

B.

a debenture

C.

a foreign bond

D.

a mortgage bond



2 In terms of public offerings of​ bonds, what is an​ indenture?

A.

a memorandum that must be produced to describe the details of a bond offering

B.

a list of the duties of a trust company representing the​ bondholders' interests

C.

a formal contract that specifies a​ firm's obligations to the bondholders

D.

a schedule of the fees charged by an underwriting company



3.

Which of the following would be most likely to have the lowest​ price?

A.

a straight subordinated bond

B.

a callable subordinated bond

C.

a convertible senior bond

D.

a straight senior bond

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