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Which of the following is a characteristic of a typical private placement of debt?

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Which of the following is a characteristic of a typical private placement of debt?

Which of the following is a characteristic of a typical private placement of debt?
A) It carries a variable interest rate.
B) Its maturity is shorter than most bank loans.
C) Because of the higher risk, more restrictions are imposed on the borrower than with a comparable bank loan.
D) It operates much like a bond, but its terms are tailored to the borrower's individual needs, as a loan would be.

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Essentials of Entrepreneurship and Small Business Management

Essentials of Entrepreneurship and Small Business Management

Edition: 6^th

Author: Scarborough

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Essentials of Entrepreneurship and Small Business Management 6th Edition by Scarborough

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juncmodule Author

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Just got PERFECT on my quiz

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