Why do bonds have indentures? What, in your opinion, is the most important indenture for a bond?

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Why do bonds have indentures? What, in your opinion, is the most important indenture for a bond? Are indentures more or less important for junk bond issues?

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Corporate Finance

ISBN: 9780077173630

3rd Edition

Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe

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Question Posted: Feb 22, 2024 03:03 AM

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Why do bonds have indentures? What, in your opinion, is the most important indenture for a bond?

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Bonds have indentures primarily to outline the terms and conditions of the bond issuance and to esta...View the full answer

Corporate Finance

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