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What is the following NOT an objective of a bond rating on a corporate bond? Depict the agency cost of the firm Depict the default

What is the following NOT an objective of a bond rating on a corporate bond?

Depict the agency cost of the firm

Depict the default risk of the firm

Depict the probability that the firm will make the bond's promised payments

Avoid firm management making deceiving borrowing

A(n) ________ is a paid individual, corporation, or a commercial bank trust department that acts as a third party to a bond indenture.

a.

trustee
b.

investment banker
c.

bond issuer
d.

bond rating agency

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