Conflicts of interest between a borrowing firm and its creditors. This

Conflicts of interest between a borrowing firm and its creditors. This problem is exacerbated in the case of a public bond, because the ownership of public bonds is generally dispersed among many bondholders.

For these reasons, the interests of the investors in a public corporate bond are protected in part by the appointment of a _, who is charged with monitoring the firm’s compliance with the various terms, covenants, and provisions in the contract.
a. liaison officer
b. trustee
c. security officer
d. compliance guardian

ANSWER

B