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QUESTION
Which one of these statements is correct?
Which one of these statements is correct?
Multiple Choice
- Term loans have a minimum maturity of 5 years.
- Less than 25 percent of debt is privately placed.
- Bond registration statements must indicate an indenture.
- Equity issues must be registered with the SEC, but bond issues do not have to be registered.
- Publicly issued debt generally carries a higher interest rate than privately issued debt.
