SIE Exam Practice Question 755
Question: 755
The Trust Indenture Act of 1939 prohibits bond issues over __________ from being offered for sale without a formal agreement signed by both the bond issuer and the bondholder that fully discloses the details of the issue.
Correct Answer: B
Explanation:
The Trust Indenture Act of 1939 prohibits bond issues over $5 million from being offered for sale without a formal agreement signed by both the bond issuer and the bondholder that fully discloses the details of the issue.
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