The ________________ is an expert in interpreting the provisions of an offering of new bonds for the investor.

Question

Quizplus · Accepted Answer

The trustee is responsible for ensuring the offering conforms to the terms of the bond indenture and protecting the interests of bondholders. They do not underwrite, sell or rate bonds. The underwriter assists in the sale of new securities (including bonds), while the account executive is a sales representative who sells securities to clients, and the bond rater evaluates the creditworthiness of bonds.

The ________________ Is an Expert in Interpreting the Provisions of an Offering