Which of the Following Statements Is FALSE

question 5

Multiple Choice

Which of the following statements is FALSE?

• A)Almost all bonds that are issued today are registered bonds.
• B)The trust company represents the bondholders and makes sure that the terms of the indenture are enforced.
• C)For private placements,the prospectus must include an indenture,a formal contract between the bond issuer and a trust company.
• D)In the case of default,the trust company represents the bondholders' interests.

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