Aprotective covenant:
a. guarantees the market price of a bond will never be less than par v...
Business, 15.11.2019 05:31 nathangirnet
Aprotective covenant:
a. guarantees the market price of a bond will never be less than par value.
b. limits the actions of the borrower.
c. protects the borrower from unscrupulous practices by the lender.
d. prevents a bond from being called.
e. guarantees the interest and principal payments will be paid in full on a timely basis.
Answers: 3
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