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Private financing is advantageous because
▸ it is filed with the provincial securities commissions.
▸ there are more restrictive covenants.
▸ the firm is required to provide a detailed prospectus.
▸ none of the above
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North American Bat Experts Company (NABE) has just sold a batting machine to a Jamaican cricket team. The team will pay for the machine by borrowing the money from NABE and securing the loan using the machine. This type of debt is called
▸ purchase-money mortgage.
▸ acceptance.
▸ line of credit.
▸ debenture.
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Best Answer • 4 days ago in Finance ( Other Fields Homework Help) by
Mortgages are secured by claims on specific real assets while debentures are not.
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Which of the following statements is correct?
▸ Mortgage bonds and debentures do not differ because they are both debt.
▸ Debentures are secured by claims on specific real assets while mortgages are not.
▸ In the event of bankruptcy, debenture holders get paid after the claims of preferred shareholders.
▸ Mortgages are secured by claims on specific real assets while debentures are not.
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When specific assets such as land, plant, or equipment are pledged as collateral, what is the term for the debt issue?
▸ bond
▸ mortgage bond
▸ debenture
▸ unsecured debt
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Best Answer • 4 days ago in Finance ( Other Fields Homework Help) by
speculative bonds with ratings below investment grade.
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Junk bonds are
▸ corporate bonds of bankrupt companies.
▸ subordinated debentures.
▸ speculative bonds with ratings below investment grade.
▸ a nickname for bonds traded in the Hong Kong market.
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Best Answer • 4 days ago in Finance ( Other Fields Homework Help) by
asset-backed commercial paper (ABCP)
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