- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 16. Credit Analysis for Corporate Issuers
- Subject 3. Seniority Rankings, Recovery Rates, and Credit Ratings
CFA Practice Question
Collateral trust bonds ______
II. provide bondholders a lien on stocks, bonds or other securities held by the firm.
III. are secured debt.
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.
Correct Answer: II and III
User Contributed Comments 3
| User | Comment |
|---|---|
| katybo | no assets no real property |
| Khadria | I = mortgage secured bonds |
| khalifa92 | which is equipment trust certificates |