Series 7 - General Securities Representative Exam

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Coterminous debt is

When additional bonds are issued before older ones mature
A
When corporations need capital and issue debentures to existing bondholders
B
Overlapping debt
C
Defaulted debt obligations
D

Explanations

Coterminous refers to municipalities that share borders and can tax the same people. Coterminous debt is overlapping debt,

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