Explain why bond issuers might voluntarily choose to put restrictive covenants into a new bond issue.

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Corporate Finance The Core

ISBN: 9781292158334

4th Global Edition

Authors: Jonathan Berk, Peter DeMarzo

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Question Posted: Feb 29, 2024 04:00 AM

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Explain why bond issuers might voluntarily choose to put restrictive covenants into a new bond issue.

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Bond issuers may voluntarily choose to include restrictive covenants in a new bond issue for several reasons primarily to protect the interests of bot...View the full answer

Corporate Finance The Core

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