A bond trustee _______.
A) is appointed by the auditor to sell the client's bonds
B) is usually a commercial bank or a trust company that is given fiduciary powers by a bond issuer to enforce the terms of a bond indenture
C) is usually a regular bank or a trust company that is given fiduciary powers by a bond issuer to enforce the terms of a bond indenture
D) does not assist the client in selling its bonds under any circumstances
Correct Answer:
Verified
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