Differentiate between standard debt provisions and restrictive covenants- included in a bond indenture. What are the consequences

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Differentiate between standard debt provisions and restrictive covenants- included in a bond indenture. What are the consequences of violation of them by the bond issuer?

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Principles of managerial finance

ISBN: 978-0132479547

12th edition

Authors: Lawrence J Gitman, Chad J Zutter

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Question Posted: Jan 16, 2013 03:27 AM

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Differentiate between standard debt provisions and restrictive covenants included in a bond indenture. What are the consequences if a bond issuer violates any of these covenants?
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Differentiate between standard debt provisions and restrictive covenants- included in a bond indenture. What are the consequences

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Longterm lenders include restrictive covenants in loan agreements in order to place certain operatin...View the full answer

Principles of managerial finance

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