CFA Practice Question

There are 139 practice questions for this study session.

CFA Practice Question

In a typical leveraged buyout deal, the leveraged loans are generally:

A. senior secured debt.
B. senior unsecured debt.
C. junior debt similar to high yield bonds.
Correct Answer: A

High yield bonds typically are unsecured subordinated debt while leveraged loans are senior secured debt.

User Contributed Comments 0

You need to log in first to add your comment.