Gordon Glass is a large manufacturer of glass products.The company's product range includes glass vessels,car glasses,mirrors and so forth.In order to raise money to open a new plant in Alaska,the company issues corporate bonds.The bonds are unsecured,but include the corporation's promise to pay an interest of 12 percent.The tenure of the bond is five years and neither party can change the maturity date.These bonds are examples of ________.

Question

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A)Debentures are unsecured bonds, backed only by the corporation's promise to pay. Debentures are riskier than other types of bonds. Gordon Glass is issuing a debenture in this case.
B)Debentures are unsecured bonds, backed only by the corporation's promise to pay. Debentures are riskier than other types of bonds. Gordon Glass is issuing a debenture in this case.
C)Debentures are unsecured bonds, backed only by the corporation's promise to pay. Debentures are riskier than other types of bonds. Gordon Glass is issuing a debenture in this case.
D)Debentures are unsecured bonds, backed only by the corporation's promise to pay. Debentures are riskier than other types of bonds. Gordon Glass is issuing a debenture in this case.
E)Debentures are unsecured bonds, backed only by the corporation's promise to pay. Debentures are riskier than other types of bonds. Gordon Glass is issuing a debenture in this case.

Gordon Glass Is a Large Manufacturer of Glass Products