Which of the following is true?
A) Bonds and debentures are two different terms to describe the same instrument.
B) A bond is a debt security, and a debenture is the agreement between the bondholder and the corporation.
C) A bond is an instrument that has a maturity of more than five years, and a debenture has a maturity of less than five years.
D) A bond is a secured instrument, and a debenture is an unsecured instrument.
E) A debenture is a secured instrument, and a bond is an unsecured instrument.
Correct Answer:
Verified
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