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Basic Question 0 of 8
The legal obligation to repay bondholders of securitized bonds often lies with ______.
B. the holding company
C. a separate legal entity
A. the parent company
B. the holding company
C. a separate legal entity
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.

Tamara Schultz
Learning Outcome Statements
describe features and categories of alternative investments
CFA® 2025 Level I Curriculum, Volume 5, Module 1.