1. 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