11. A secured bond is a: A. Treasury bond B. semi-government bond C. convertible bond D. debenture E. floating-rate note.
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Solution 1
A secured bond is a type of bond that is backed by specific assets. If the issuer defaults, the bondholders have a claim on those assets. This reduces the risk for the bondholders, which is why secured bonds often have lower interest rates than unsecured bonds.
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