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Basic Question 8 of 9
Subordinated debentures ______
B. possess a claim on the issuer that is subordinated to other debentures.
C. are a type of senior bond.
D. possess a claim on the issuer that is above that of other debentures.
E. are also known as minor debentures.
A. are also known as senior debentures.
B. possess a claim on the issuer that is subordinated to other debentures.
C. are a type of senior bond.
D. possess a claim on the issuer that is above that of other debentures.
E. are also known as minor debentures.
User Contributed Comments 2
| User | Comment |
|---|---|
| johntan1979 | No such thing as a minor debenture. |
| Antoinepo | thanks john |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe the contents of a bond indenture and contrast affirmative and negative covenants
CFA® 2025 Level I Curriculum, Volume 4, Module 1.