Answer: I only

## Explanation In bond indentures, the corporate trustee acts in a **fiduciary capacity** for **bond investors** (I only). ### Key Points: - **Fiduciary duty** means the trustee has a legal obligation to act in the best interests of the bondholders - The trustee represents and protects the interests of **bond investors**, not the issuers, underwriters, or regulators - The trustee's responsibilities include: - Ensuring the issuer complies with the bond indenture terms - Protecting bondholders' rights and interests - Taking action if the issuer defaults - Administering the bond issue ### Why not the other options: - **II. Bond issuers**: The trustee does NOT represent the issuer's interests - **III. Bond underwriters**: Underwriters are involved in the initial sale but the trustee doesn't represent them - **IV. Regulators**: The trustee doesn't act on behalf of regulatory authorities The correct answer is **A. I only** - the corporate trustee acts in a fiduciary capacity for bond investors only.

Author: LeetQuiz .