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1. Corporate debt has been expanding very dramatically in the last three decades. What has been the impact on interest coverage, particularly since 1977? (LO16-1)

1. Corporate debt has been expanding very dramatically in the last three decades. What has been the impact on interest coverage, particularly since 1977? (LO16-1) 


2. What are some specific features of bond agreements? (LO16-1) 


3. What is the difference between a bond agreement and a bond indenture? (LO16-1) 


4. Discuss the relationship between the coupon rate (original interest rate at time of issue) on a bond and its security provisions. (LO16- 1) 


5. Take the following list of securities and arrange them in order of their priority of claims: (LO16-1) Preferred stock Subordinated debenture Common stock Senior debenture Senior secured debt Junior secured debt

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