Which one of these statements is correct?

Which one of these statements is correct?

Multiple Choice

  • Term loans have a minimum maturity of 5 years.
  • Less than 25 percent of debt is privately placed.
  • Bond registration statements must indicate an indenture.
  • Equity issues must be registered with the SEC, but bond issues do not have to be registered.
  • Publicly issued debt generally carries a higher interest rate than privately issued debt.