Which of the following is true?

A) A bond is a secured instrument and a debenture is an unsecured instrument.
B) A bond is a debt security and a debenture is the agreement between the bondholder and
the corporation.
C) A bond is an instrument that has a maturity of more than five years and a debenture has a
maturity of less than five years.
D) Bonds and debentures are two different terms to describe the same instrument.


A

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Indicate whether the statement is true or false

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