Which of the following is FALSE concerning bonds?
A) Subordinated debentures are riskier than unsubordinated debentures.
B) Debentures are secured by assets other than real estate.
C) The indenture spells out the obligations of the bond issuer.
D) Mortgage bonds are secured by assets such as real estate.
B
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Which of the following statements is CORRECT?
A. The total yield on a bond is derived from dividends plus changes in the price of the bond. B. Bonds are riskier than common stocks and therefore have higher required returns. C. Bonds issued by larger companies always have lower yields to maturity (less risk) than bonds issued by smaller companies. D. The market value of a bond will always approach its par value as its maturity date approaches, provided the bond's required return remains constant. E. If the Federal Reserve unexpectedly announces that it expects inflation to increase, then we would probably observe an immediate increase in bond prices.
When a supplier to an original equipment manufacturer (e.g., a battery manufacturer supplying an automobile producer) follows their large customer to a new country, this is an example of a ________ driver of international business activity.
A. cost B. competitive C. technological D. market E. political technological
What is marginal revenue?
A. a percentage change in price that results from a change in quantity demanded B. the total change in revenue that results from a small change in product price C. the total change in revenue that results from a large change in product price D. the change in total revenue that results from producing one additional unit E. the change in total revenue that results from selling one additional unit of a product
Marian Fleming, new CEO of Xenon Products, worked diligently with her board to develop a vision for the firm. She tells her chairman, "With this vision, I know where I want us to go. And I must articulate this vision, clearly and often, so that ________ can understand the vision and can state it clearly themselves."
A. other people outside the organization B. stakeholders C. the media D. other people in the organization E. customers