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Basic Question 1 of 4
In a typical leveraged buyout deal, the leveraged loans are generally:
B. senior unsecured debt.
C. junior debt similar to high yield bonds.
A. senior secured debt.
B. senior unsecured debt.
C. junior debt similar to high yield bonds.
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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
explain features of private debt and its investment characteristics
CFA® 2025 Level I Curriculum, Volume 5, Module 3.