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Which of the following is NOT a difference between bank loans and corporate bonds. Bank loans typically have more covenants than corporate bonds. Bank loans
Which of the following is NOT a difference between bank loans and corporate bonds.
Bank loans typically have more covenants than corporate bonds.
Bank loans typically have a longer maturity than corporate bonds.
Bank loans typically carry a floating interest rate, while corporate bonds carry a fixed rate of interest.
Bank loans can be prepaid while corporate bonds cannot unless they have a callability provision.
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