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16 February, 05:27

Restrictive covenants are designed to protect both the bondholder and the issuer even though they might constrain the actions of the firm's managers. Such covenants are contained in the bond's indenture. a. True b. False

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  1. 16 February, 06:39
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    The answer is True

    Explanation:

    This is true because it is designed to protect the interest of the bond holder and the bond issuer.
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