Contrary to positive bond covenants, negative covenants are most likely: A. Costlier. B. Legally enforceable. C. Enacted

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Contrary to positive bond covenants, negative covenants are most likely:

A. Costlier.

B. Legally enforceable.

C. Enacted at time of issue.

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Fixed Income Analysis

ISBN: 9781119850540

5th Edition

Authors: Barbara S. Petitt

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Question Posted: Nov 05, 2023 12:17 AM

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Contrary to positive bond covenants, negative covenants are most likely: A. Costlier. B. Legally enforceable. C. Enacted

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The answer is B Legally enforceable Negative bond covenants are contractual provisions that restrict ...View the full answer

Fixed Income Analysis

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