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Bank of America buys a bond from Citibank in the secondary market. The bond was issued by Comcast. After the transaction is complete, this bond
Bank of Americabuysa bond from Citibank in the secondary market. The bond was issued by Comcast. After the transaction is complete, this bond becomes a(n):
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liability to Comcast and an asset to Bank of America.
liability to both Comcast and Citibank, and an asset to Bank of America.
asset to both Comcast and Bank of America, and a liability to Citibank.
asset to Comcast and a liability to Bank of America.
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