____ are backed by specific collateral that must be forfeited in the event that the issuing firm defaults.
Serial bonds
Secured bonds
Junk bonds
Debentures
Convertible notes
Answer: Secured bonds
____ are backed by specific collateral that must be forfeited in the event that the issuing firm defaults.
Serial bonds
Secured bonds
Junk bonds
Debentures
Convertible notes
Answer: Secured bonds