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  3. which of the following is false? a debenture is a

Which of the following is FALSE? A debenture is a bond that has no collateral....

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Which of the following is FALSE? A debenture is a bond that has no collateral. Other things equal, a callable bond would offer a slightly higher yield than a bond that is not callable. Bearer bonds allow payment to whomever has physical possession of the bond or bond coupon. Stock warrants give the holder the right to buy common stock at a prespecified price. Long-term bonds can generally be issued with lower coupon rates than otherwise similar short-term bonds

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