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Basic Question 3 of 16

Collateral trust bonds ______

I. provide bondholders a lien against some fixed asset or real property.
II. provide bondholders a lien on stocks, bonds or other securities held by the firm.
III. are secured debt.
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User Contributed Comments 3

User Comment
katybo no assets no real property
Khadria I = mortgage secured bonds
khalifa92 which is equipment trust certificates
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes

Barnes

Learning Outcome Statements

describe the seniority rankings of debt, secured versus unsecured debt and the priority of claims in bankruptcy, and their impact on credit ratings

CFA® 2025 Level I Curriculum, Volume 4, Module 16.