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Basic Question 5 of 20

Management's duty to bondholders is ______.

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 Contributed Comments 1

User Comment
Fezfez23 I dont get this. How?
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I used your notes and passed ... highly recommended!
Lauren

Lauren

Learning Outcome Statements

describe credit risk and its components, probability of default and loss given default

CFA® 2024 Level I Curriculum, Volume 4, Module 14.