- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 16. Credit Analysis for Corporate Issuers
- Subject 3. Seniority Rankings, Recovery Rates, and Credit Ratings
CFA Practice Question
Debentures refer to ______.
B. unsecured debt
C. a mixture of debt and preferred stocks
A. secured debt
B. unsecured debt
C. a mixture of debt and preferred stocks
Correct Answer: B
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