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Which of the following statements regarding the trustee named in a corporate bond indenture is correct?
A
The trustee has the authority to declare a default if the issuer misses a payment.
B
The trustee may take action beyond the indenture to protect bondholders.
C
The trustee must act at the request of a sufficient number of bondholders.
D
The trustee is paid by the bondholders or their representatives.
