Which of the following is true of senior debt?
A) The rate on senior debt is 2% to 3% above prime
B) Senior debt is usually about a quarter to a third of total LBO debt
C) The term is usually 5 to 10 years
D) All the above

Name: Which of the following is true of senior debt? A) The rate on senior debt is 2% to 3% above prime B) Senior debt is usually about a quarter to a third of total LBO debt C) The term is usually 5 to 10 years D) All the above
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Question

Quizplus · Accepted Answer

The Answer is D

Which of the Following Is True of Senior Debt