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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