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A corporate bond backed only by a company's promise to pay is called a ________.

A) debenture bond
B) secured bond
C) convertible bond
D) treasury note
E) municipal bond

Marked as best answer by illedehomme

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Explanation: A) A debenture bond is an unsecured bond with only the company's promise to pay behind it. A secured bond is a bond that is backed by collateral that can be sold to reimburse bondholders. A convertible bond is one that can be exchanged for a given number of shares of stock in the company. Treasury notes and municipal bonds are not corporate bonds.

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This is great. Thanks

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