题目
Each of the following is true about the corporate trustee in a corporate bond issuance EXCEPT:
选项
A.The trustee is paid by bondholders
B.The trustee acts in a fiduciary capacity for investors who own the bond issue
C.The trustee must, at the time of issue, authenticate the bonds issued (i.e., keep track of all the bonds sold) and make sure that they do not exceed the principal amount authorized by the indenture
D.If a corporate issuer fails to pay interest or principal, the trustee may declare a default and take such action as may be necessary to protect the rights of bondholders
答案
A
解析
It must be emphasized that the trustee is paid by the debt issuer and can only do what the indenture provides. In regard to (B), (C), and (D), each is true.必须强调的是，受托人是由债务发行者支付的，只能做契约规定的事情。BCD都是正确的。