Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Which of the following statements concerning bonds are correct? - Which of the following statements concerning bonds are correct?

I. Bonds provide tax benefits to issuers.
II. The risk of a firm financially failing increases when the firm issues bonds.
III. Most long-term bond issues are referred to as unfunded debt.
IV. All bonds are treated equally in a bankruptcy proceeding.

I and II only
I, II, and III only
II and III only
III and IV only
II and IV only

Any help is appreciated. -