Statements are true about when-issued trading

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Reference no: EM131909420

1. Which of the following statements are true about when-issued trading?

It takes place before an auction

It provides an efficient means of price discovery

It is a forward contract

All of the above

2. In the event of a corporate bond default, who represents the interests of the bond holders?

Bond trustee

Bond bookrunners

Independent public accountant of the issuer

The issuer's legal counsel

3. The distribution of securities among the underwriters shown in the prospectus supplement reflects the dollar amount of securities for sale allocated to each underwriter.

True

False

Reference no: EM131909420

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