Which of the following scenarios involves the use of corporate bonds?
A. Nigel buys an IOU of Herbiscus Pharmaceuticals with a maturity period of eight years.
B. Belingtin Trade Inc. issues short-term promissory notes by keeping its stock as collateral.
C. Gary buys some shares of Transient Textiles and receives 20 percent of the profit.
D. Porliod Films takes a loan from the local bank to pay its debts to its investors.
Answer: A
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What will be an ideal response?
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