BUSN 380 Course Great Wisdom / tutorialrank.com BUSN 380 Course Great Wisdom / tutorialrank.com | Page 53

Question 16. 16. (TCO 5) The _____ is the financially independent
firm or individual that acts as the bondholders' representative.

trustee

president of the corporation

debenture holder

indenture holder

chairman of the board

Question 17. 17. (TCO 5) A _____ bond is unsecured and gives
bondholders a claim secondary to that of other designated
bondholders with respect to both income and assets.

subordinated debenture