CFA Practice Question

There are 490 practice questions for this study session.

CFA Practice Question

Which of the following statements concerning medium-term notes and corporate bonds are true?

I. Medium-term notes differ from bonds in the manner in which they are distributed to investors when they are initially sold.
II. Typically, investment-grade corporate bond issues are underwritten by investment bankers.
III. Medium-term notes have traditionally been distributed on a best efforts basis by either an investment banking firm or dealers acting as agents.
IV. Medium-term notes are usually sold in relatively small amounts on either a continuous or an intermittent basis, while bonds are sold in large, discrete offerings.
A. I, II and IV
B. I, III and IV
C. I, II, III and IV

User Contributed Comments 1

User Comment
aggabad SEC Rule 415- Self Registration Rule- ability to issue securities on a continuous basis
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