Multiple Choice
A bond differs from a term loan in that:
A) a bond issue is negotiated between a financial institution and an investor.
B) a bond is sold to a financial institution only.
C) a bond is always offered to the public at a variable coupon rate.
D) a bond has a higher issuance cost.
E) a bond involves minimal formal documentation.
Correct Answer:
Verified
Correct Answer:
Verified
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