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Secured vs. unsecured debt (LO16-1) Match the yield to maturity in column 2 with the security provisions (or lack thereof) in column 1. Higher returns tend to go with greater risk.
| (1) | (2) |
| Security Provision | Yield to Maturity |
| a. Debenture | a. 6.90% |
| b. Secured debt | b. 8.20% |
| c. Subordinated debenture | c. 7.50% |
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