Question: True or False: In general, term loans may be created and modified more easily than bond issues because (1) there are fewer parties to the

True or False: In general, term loans may be created and

True or False: In general, term loans may be created and modified more easily than bond issues because (1) there are fewer parties to the transaction, and (2) the borrower and the lender have the potential to meet directly to reach mutually agreeable terms. O True O False True or False: In general, term loans incur lower issuance costs than bond issues because (1) they require less formal documentation than bond issues, and (2) they are not registered with the Securities and Exchange Commission (SEC). O True O False

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