Question
A bond differs from a term loan in that: A bond issue is negotiated between a financial institution and an investor. A bond is sold
A bond differs from a term loan in that:
| A bond issue is negotiated between a financial institution and an investor. | ||
| A bond is sold to a financial institution only. | ||
| A bond is always offered to the public at a variable coupon rate. | ||
| A bond has a higher issuance cost. | ||
| A bond involves minimal formal documentation. |
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Finance Directors Handbook
Authors: Glynis D Morris, Sonia McKay, Andrea Oates
5th Edition
1566768691, 978-1566768696
