A debenture is secured only by the issuer's promise to repay the debt

A lower level of equity capital increases the risk of insolvency to a financial institution.

a. true b. false

The future value of an ordinary annuity of $2,000 each year for 10 years, deposited at 12 percent, is ________

A) $35,098 B) $20,000 C) $39,310 D) $11,300