• 2021-04-14
    Debentures are long-term unsecured bonds that are backed only by the general creditworthiness of the issuer.
  • 内容

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      14. A (m) ______ bond is backed by the issuer’s pledge of the<br/>buildings, land, and equipment as security。

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      According to the market segmentation theory of the term structure,________ A: the interest rate for bonds of one maturity is determined by supply and demand for bonds of that maturity. B: bonds of one maturity are not substitutes for bonds of other maturities; therefore, interest rates on bonds of different maturities do not move together over time. C: investors' strong preference for short-term relative to long-term bonds explains why yield curves typically slope upward. D: all of the above. E: none of the above.

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      Most municipal bonds are revenue bonds rather than general obligation bonds.

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      Changes in interest rates make investments in long-term bonds risky.

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      If interest rates are expected to rise in the future, the demand for long-term bonds _____ and the demand curve shifts to the _____.