- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 3. Fixed-Income Issuance and Trading
- Subject 3. Primary and Secondary Fixed-Income Markets
CFA Practice Question
The major buyers of privately placed bonds are ______.
B. insurance companies and pension funds
C. investment banks
A. general investors
B. insurance companies and pension funds
C. investment banks
Correct Answer: B
Insurance companies and pension funds are considered to be qualified institutional investors.
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