IIA
IIA-CIA-PART3 · Question #282
IIA-CIA-PART3 Question #282: Real Exam Question with Answer & Explanation
The correct answer is D. A debenture bond. See the full explanation below for the reasoning.
Question
An organization with a stable rating, as assessed by International rating agencies, has issued a bond not backed by assets or collateral. Payments of the interests and the principal to bondholders are guaranteed by the organization. Which type of bond did the organization issue?
Options
- AA sinking fund bond.
- BA secured bond.
- CA junk bond.
- DA debenture bond
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