Question
Syndicate bank loans are ______ to corporate bond holders. This implies that for these loans they have ______ credit risk than corporate bonds for the
Syndicate bank loans are ______ to corporate bond holders. This implies that for these loans they have ______ credit risk than corporate bonds for the same borrower.
A: junior; lower
B: junior; higher
C: senior; higher
D: senior; lower
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The Bank Credit Analysis Handbook
Authors: Jonathan Golin, Philippe Delhaise
2nd Edition
0470821574, 978-0470821572
