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A. It is appointed by the issuer, but acts in the fiduciary capacity with the bondholders.
B. In the event of default, the discretionary powers of the trustee decrease considerably..
C. The trustee can bring legal action against the issuer on behalf of thebondholders.
Option B is the right answer.
B. In the event of default, the discretionary powers of the trustee decrease considerably.
B--------------------------------------------------
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