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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
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| User | Comment |
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| Fezfez23 | I dont get this. How? |
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Edward Liu
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.