please explain it also. Thanks very much.
1. Which of the following are correct?
I Interest is tax deductibe because it is considered onoperating cost.
II A secured debt has higher risk than a debenture.
III A bond with higher default risk tends to pay higher couponrate, all else equal.
IV Two bonds are identical except that one is subordinated andanother one is a senior. If the subordinated bond is ranked B, thesenior debt will not be ranked C.
A.I and II only
B I and IV only
C I, III and IV only
D II, III, IV only
E All of the above.
2. National Trucking has paid an annual
OR
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