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Basic Question 1 of 5

The legal obligation to repay bondholders of securitized bonds often lies with ______.

A. the parent company
B. the holding company
C. a separate legal entity

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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

Andrea Schildbach

Learning Outcome Statements

explain benefits of securitization for issuers, investors, economies, and financial markets

CFA® 2025 Level I Curriculum, Volume 4, Module 17.