Which of the following debt instruments is unsecured?
A) Collateral trust certificates.
B) Equipment trust certificates.
C) Aaa/AAA rated debentures.
D) Junior lien mortgage bonds.
Answer: C) Aaa/AAA rated debentures.
A) Collateral trust certificates.
B) Equipment trust certificates.
C) Aaa/AAA rated debentures.
D) Junior lien mortgage bonds.
Answer: C) Aaa/AAA rated debentures.