Top Posters
Since Sunday
82
a
50
14
10
G
9
I
8
m
8
7
m
7
K
7
6
b
6
New Topic  
pkownas pkownas
wrote...
Posts: 340
Rep: 4 0
3 months ago
What are the implications of stronger bond covenants?
Textbook 

Fundamentals of Corporate Finance


Edition: 2nd
Authors:
Read 83 times
1 Reply
Replies
Answer verified by a subject expert
qwer34qwer34
wrote...
Posts: 282
3 months ago
Sign in or Sign up in seconds to unlock everything for free.
While equity holders may prefer as few covenants as possible, stronger bond covenants have their advantage.  Stronger covenants will imply lower interest rates due to a smaller likelihood of default.
1

Related Topics

New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  93 People Browsing
 107 Signed Up Today
Related Images
 681
 140
 93