Multiple Choice
The trustee's job as agent for the bondholders is to:
A) represent the bondholders if the company defaults, manage any sinking fund, and see that
The indenture terms are obeyed.
B) advise the company on debt disposition, manage any sinking fund, and minimize indenture
Covenants.
C) represent the bondholders if the company defaults, call the bond issue and minimize
Indenture covenants.
D) advise the company on debt disposition, call the bond issue and see that the terms of the
Indenture are obeyed.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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