Which One of the Following Statements Is Correct Regarding Equipment

question 54

Multiple Choice

Which one of the following statements is correct regarding equipment trust certificates (ETCs) ?

• A) The trust fund issuing the ETCs leases equipment from manufacturers and then re-leases the equipment to transportation firms.
• B) ETCs are used principally to finance the daily operations of large equipment manufacturers.
• C) ETC holders receive dividend payments derived from lease payments received by the trust fund.
• D) ETCs are all issued as senior notes.
• E) ETCs generally have an unlimited life.

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Having an attractive or interesting quality that draws attention or desire.

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First-order Response

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