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Basic Question 5 of 20
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
User Contributed Comments 1
| User | Comment |
|---|---|
| Fezfez23 | I dont get this. How? |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe credit risk and its components, probability of default and loss given default
CFA® 2025 Level I Curriculum, Volume 4, Module 14.