Question: Protective covenants: A) apply to short-term debt issues but not to long-term debt issues. B) only apply to privately issued bonds. C) are a feature

Protective covenants: A) apply to short-term debt issues but not to long-term debt issues. B) only apply to privately issued bonds. C) are a feature found only in government-issued bond indentures. D only apply to bonds that have a deferred call provision. E) are primarily designed to protect bondholders

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