CFA Practice Question

There are 490 practice questions for this study session.

CFA Practice Question

Responsibilities of a corporate trustee with regard to a bond's trust indenture do not include ______.

A. checking compliance
B. authenticating the bonds issued
C. negotiating the terms
D. declaring defaults
Correct Answer: C

User Contributed Comments 4

User Comment
boesawolf The trustee represents the interests of bondholders, he does not form them
Rubbish so a trustee polices the covenants?
Rchan89 what's authenticating the bonds issued mean?
bidisha i took it literally. So they have to approve the bonds are authentic when the bonds are issued.
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