A(n)________ is a hybrid between a conventional loan and a bond;at its heart it is a bond,but its terms are tailored to the borrower's individual needs,as a loan would be.
A)private placement
B)industrial revenue bond
C)504 loan
D)zero coupon bond

Question

Quizplus · Accepted Answer

A private placement is a bond that is not offered to the general public but rather to a select group of investors. These bonds can be tailored to meet the needs of the borrower, making them more like a loan than a traditional bond.

A(n)________ Is a Hybrid Between a Conventional Loan and a Bond;at