CFA Practice Question

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CFA Practice Question

Which of the following U.S. bonds are secured only by the reputation of the issuing firm?
A. Debenture bonds
B. Bearer bonds
C. Unfunded bonds
Explanation: In the U.S. debentures are unsecured bonds with no collateral backing assigned to the bondholder.

User Contributed Comments 3

User Comment
yoshikoto How are CPs different from debentures?
poomie83 Debentures are unsecured bonds
sm200 @yoshikoto CPs are promissory notes and debentures are similar to bonds
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