1. The underwriters are required to provide AAPL with $12 billion less the underwriting discount regardless of whether they have orders for $12 billion
A True
B False
2. The fixed rate notes can be redeemed at par anytime before maturity
A True
B False
3. The higher the bid-to-cover ratio the more successful an auction is
A True
B False
4. The bond trustee is hired by the book-runners to ensure good distribution (you may need to go to Investopedia)
A True
B False