- CFA Exams
- CFA Level I Exam
- Study Session 15. Fixed Income (2)
- Reading 47. Fundamentals of Credit Analysis
- Subject 4. Credit Analysis
CFA Practice Question
Management's duty to bondholders is ______.
B. to maximize the bondholder's value
C. the growth of the company
A. limited to the terms of bond contract
B. to maximize the bondholder's value
C. the growth of the company
Correct Answer: A
User Contributed Comments 1
| User | Comment |
|---|---|
| Fezfez23 | I dont get this. How? |