Multiple Choice
Interest rates are normally higher on unsecured notes than on debentures because:
A) debenture holders have a prior claim over company assets.
B) debentures are a riskier form of security.
C) unsecured notes are normally secured by a floating charge over assets.
D) unsecured notes are normally secured by a fixed charge over an asset.
Correct Answer:
Verified
Correct Answer:
Verified
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