CORPORATE FIN CUSTOM W/MYFINANCELAB
CORPORATE FIN CUSTOM W/MYFINANCELAB
3rd Edition
ISBN: 9781323159859
Author: Berk
Publisher: PEARSON C
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Chapter 24.3, Problem 1CC
Summary Introduction

To discuss: The situation if an issuer fails to live up to a bond covenant.

Introduction: Covenants are the restrictive clauses in a bond contract that limit the issuer from taking actions that may weaken his ability to repay the bonds.

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