Protective covenants:

Select one:

a. Are consistent for all bonds issued by a corporation within Canada.

b. Are primarily designed to protect the issuing corporation from unreasonable demands of bondholders.

c. Are limited to stating actions which a firm must take.

d. Are primarily designed to protect bondholders from future actions of the bond issuer.

e. Only apply to bonds that have a deferred call provision.

Clear my choice