Investment grade bonds-firm fixed assets


Question: Which of the following statements is most correct?

A. Junk bonds typically have a lower yield to maturity relative to investment grade bonds

B. A debenture is a secured bond that is backed by some or all of the firm's fixed assets.

C. Subordinated debt has less default risk than senior debt

D. All of the statements above are correct

E. None of the statements above are correct

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Finance Basics: Investment grade bonds-firm fixed assets
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