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Which of the following statements is false? Select one: O a. Indentures are debt instruments...

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Finance

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Which of the following statements is false? Select one: O a. Indentures are debt instruments that are generally unsecured. O b. Protective covenants can be positive or negative. c. Mortgage bonds are debt instruments that are secured by real assets. O d. Callable bonds give the issuer the option to call or repurchase outstanding bonds at predetermined call prices at specified times. Which of the following statement regarding the DDM is correct? Select one: O a. The DDM cannot be used to value firms who do not pay any dividends. b. The constant growth rate equals to ROE * dividend payout ratio c. The DDM cannot be applied to firms with negative earnings. O d. The constant growth rate equals the dividend yield

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