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Exam Series 7 All Questions

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Exam Series 7 topic 1 question 28 discussion

Actual exam question from FINRA's Series 7
Question #: 28
Topic #: 1
[All Series 7 Questions]

The most common type of bond issued by a well-established company is:

  • A. a debenture
  • B. a senior secured note
  • C. a convertible
  • D. an open-end mortgage
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Suggested Answer: A 🗳️
a debenture. Because of the companys well-established financial condition, it issues a debenture that has no specific collateral and is only backed by the creditworthiness of the issuer.

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