Which of the following is false concerning bondsnbspa, Ask an Expert

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Which of the following is FALSE concerning bonds?

a. Debentures are secured by specific assets other than real estate.

b. Mortgage bonds are secured by assets such as real estate.

c. Subordinated debentures are riskier than unsubordinated debentures.

d. The indenture spells out the obligations of the bond issuer.

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