Which of the following describes a secured bond?
A) a bond that matures in installments at regular intervals
B) a bond that is backed by issuer's specific assets
C) a bond that matures at one specified time
D) a bond that is not backed by specific assets
B) a bond that is backed by issuer's specific assets
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Answer the following statement true (T) or false (F)
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Ella's restaurant served 575 dinners last evening, 84 were fish dinners. What percent of the total dinners served were fish? (Round to the nearest tenth of a percent)