Which of the Following Is a Characteristic of a Typical

Multiple Choice

Which of the following is a characteristic of a typical private placement of debt?

A) It carries a variable interest rate.
B) Its maturity is shorter than most bank loans.
C) Because of the higher risk, more restrictions are imposed on the borrower than with a comparable bank loan.
D) It operates much like a bond, but its terms are tailored to the borrower's individual needs, as a loan would be.