Question: 1. Everything else equal, a bond with covenants should have a higher or lower interest rate (yield) than a bond without covenants? Why? 2. Everything

1. Everything else equal, a bond with covenants should have a higher or lower interest rate (yield) than a bond without covenants? Why?

2. Everything else equal, a callable bond should have a higher or lower interest rate (yield) than a non-callable bond? Why?

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