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Basic Question 3 of 16

Collateral trust bonds ______

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.
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User Contributed Comments 3

User Comment
katybo no assets no real property
Khadria I = mortgage secured bonds
khalifa92 which is equipment trust certificates
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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt

Martin Rockenfeldt

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.