A secured bond is backed by
A. the general creditworthiness of the borrower.
B. an insurance companys financial guarantee.
C. the expected future earnings of the borrower.
D. specific collateral.
Answer:D
A secured bond is backed by
A. the general creditworthiness of the borrower. B. an insurance companys financial guarantee. C. the expected future earnings of the borrower. D. specific collateral.