Which of the following is generally considered an advantage of term loans over publicly issued bonds?
A) Higher flotation costs
B) Speed, or how long it takes to bring the issue to the market
C) Fixed bond terms after the bond has been issued
D) Regular interest and principal payments on specified dates
E) Standard terms of issue requiring no negotiation between the borrowing firm and the financial institution
Correct Answer:
Verified
Q33: A bond differs from a term loan
Q34: A bond that only pays interest if
Q35: A contract that is negotiated directly with
Q35: The date on which the principal amount
Q37: The terms and conditions of a bond
Q41: The principal value of debt:
A) is added
Q42: The principal value is also referred to
Q92: A 20-year original maturity bond with 1
Q122: Bonds issued by BB&C Communications that have
Q142: The longer the maturity of the bond,
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