a. In a securitization, the special purpose entity (SPE) is responsible for: a) Safeguarding the assets that have been sold to the SPE. b) Administering any aspect of the loan, including collecting payments from borrowers. c) Issuing the asset-backed securities.

b. Which of the following is not related to credit risk: a) Interest Rate Risk b) Default Risk c) Credit migration risk

c. Which of the following corporate debt instruments has the highest senior seniority ranking in the list provided below? a) Subordinated Debt b) Senior Unsecured Debt c) First Lien Debt Senior Secured