1. A collateral trust bond is _____.
1. secured by other securities held by the firm
2. secured by equipment owned by the firm
3. secured by property owned by the firm
4. unsecured
2. Which of the following is an example of an option to delay a? project?
A. The option to shut down a mining operation due to the depletion of the ore reserves.
B. The option to wait for one year to open a restaurant.
C. The option to enter into the foreign markets.
D. The option to increase production if the new product launches successfully.