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Business, 04.01.2021 02:00 barboursj

Because a bond is a legal contract, what could happen if a borrower fails to meet their obligation? a. The bond could be reevaluated by a rating agency.
b. The lender could then own the bond outright.
c. The borrower could be required to prepare an offering memorandum.
d. The borrower could face bankruptcy proceedings.

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Because a bond is a legal contract, what could happen if a borrower fails to meet their obligation?...
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