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Author Question: What is the main purpose of restrictive covenants? (Read 31 times)

effaey

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on: Aug 7, 2023

Question 1

What is a bond that offers investors a variable rate coupon payment?

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coupon bond


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convertible bond


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stripped bond


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floating rate bond



Question 2

What is the main purpose of restrictive covenants?

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They protect bond issuers by constraining the actions of managers. Such covenants are not spelled out in bond indentures.


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They protect bond issuers by transferring the power from managers to shareholders. Such covenants are not spelled out in bond indentures.


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They protect bondholders by constraining the actions of managers. Such covenants are spelled out in bond indentures.


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They protect bondholders by transferring the power from managers to bondholders. Such covenants are spelled out in bond indentures.

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by effaey on Aug 7, 2023

kyledifference

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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effaey

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Reply 2 on: Aug 7, 2023
Great answer, keep it coming :)

vickybb89

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Reply 3 on: Yesterday
Excellent

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