Which of the Following Is NOT a Duty of a Trust

question 310

Multiple Choice

Which of the following is NOT a duty of a trust company appointed when bonds are issued?

• A) Make sure terms of the indenture are obeyed.
• B) Manage the sinking fund.
• C) Decide when the bonds should be called.
• D) Monitor the protective covenants for the bondholders.
• E) Represent the bondholders in default.

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