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