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