Describe what is meant by bond covenants.
Answer to relevant QuestionsWhat are bond ratings? Describe the process for valuing a bond. Why should investors consider common stock as an investment vehicle if they have a long-term time horizon? Explain how an investor may view a stock dividend, a stock split, and a stock repurchase plan with regards to the value of his stock holdings. Energy prices are forecast to go higher. How would this affect your decision to purchase the stocks and bonds of a) ExxonMobil? b) American Airlines? c) Ford? d) Archer Daniels Midland, a food processor?
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