Question: A bond differs from a term loan in that: a. a bond has a higher issuance cost. O b. a bond involves minimal formal documentation.

A bond differs from a term loan in that: a. a

A bond differs from a term loan in that: a. a bond has a higher issuance cost. O b. a bond involves minimal formal documentation. O c. a bond issue is negotiated between a financial institution and an investor. 1 d. a bond is sold to a financial institution only. e. a bond is always offered to the public at a variable coupon rate

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