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cacerami cacerami
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A year ago
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.



▸

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



▸

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

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
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kpot15kpot15
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A year ago
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cacerami Author
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A year ago
Helped a lot
ky
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Yesterday
Good timing, thanks!
djeghri
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2 hours ago
Thanks for your help!!
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