Question: Why do you think that getting collateral and seeking some covenants could be important for a bond investor? Pls, explain the difference between collateral and

Why do you think that getting collateral and seeking some covenants could be important for a bond investor? Pls, explain the difference between collateral and covenants through some examples. How does collateral help? What are restrictive and affirmative covenants through some examples? How do they help? How could they be a remedy for solving the moral hazard problem if it exists?

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