As it relates to the bond indenture,the corporate trustee acts in a fiduciary capacity for:

 

　　I.bond investors

 

　　II.bond issuers

 

　　III.bond underwriters

 

　　IV.regulators

 

　　A.I only

 

　　B.II only

 

　　C.I and IV

 

　　D.II and III

 

　　Answer:A

 

　　The promises of corporate bond issuers and the rights of investors who buy them are set forth in great detail in contracts generally called indentures.The indenture is made out to the corporate trustee as a representative of the interests of bondholders;that is,the trustee acts in a fiduciary capacity for investors who own the bond issue.

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