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Basic Question 3 of 16
Collateral trust bonds ______
II. provide bondholders a lien on stocks, bonds or other securities held by the firm.
III. are secured debt.
I. provide bondholders a lien against some fixed asset or real property.
II. provide bondholders a lien on stocks, bonds or other securities held by the firm.
III. are secured debt.
User Contributed Comments 3
| User | Comment |
|---|---|
| katybo | no assets no real property |
| Khadria | I = mortgage secured bonds |
| khalifa92 | which is equipment trust certificates |
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 the seniority rankings of debt, secured versus unsecured debt and the priority of claims in bankruptcy, and their impact on credit ratings
CFA® 2025 Level I Curriculum, Volume 4, Module 16.