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Question 11 Which one of the following is an example of systematic risk? O Decrease in textile imports Surprise firing of a firm's chief financial officer O Major layoff by a regional manufacturer of power boats. O Decrease in gross domestic product Question 12 What is the primary purpose of bond covenants? To protect bondholders from issuer actions. O To increase a bond's seniority position. To reduce interest rate risk. To protect the issuer of the bond in case of default