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Basic Question 1 of 4
In a typical leveraged buyout deal, the leveraged loans are generally:
B. senior unsecured debt.
C. junior debt similar to high yield bonds.
A. senior secured debt.
B. senior unsecured debt.
C. junior debt similar to high yield bonds.
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
explain features of private debt and its investment characteristics
CFA® 2025 Level I Curriculum, Volume 5, Module 3.