What are restrictive covenants? Why are they associated with interest rates of bonds?

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Financial Markets And Institutions

ISBN: 9781292215006

9th Global Edition

Authors: Stanley Eakins Frederic Mishkin

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Question Posted: Oct 16, 2023 09:30 AM

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What are restrictive covenants? Why are they associated with interest rates of bonds?

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Restrictive covenants are a set of contractual terms or clauses included in a bond agreement or loan contract between a borrower usually a company or ...View the full answer

Financial Markets And Institutions

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