Question

With respect to private placements of bonds, which of the following is correct?
I. Issuers of privately placed bonds tend to be less well known than public bond issues.
II. Interest rates on privately placed debt tend to be higher than for similar public issues.
III. Purchasers of privately placed debt have assets of at least $100 million.
IV. Once bonds have been privately placed, the original buyers must hold the bonds until maturity.
A. I only
B. I and III only
C. I, II, and III only
D. I, III, and IV only
E. I, II, III, and IV

Answer

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