forevermonkey2236 forevermonkey2236
  • 12-01-2024
  • Business
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A protective covenant:
a, protects the borrower from unscrupulous practices by the lender
b,is designed to ensure a reasonable bid-ask spread for the bond dealer
c, prevents a bond from being called
d, limits the actions of the borrower
e, guarantees that bondholders will receive all the interest and principal payments that are due to them

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