23 of 38 2 Marks Which of the following is NOT a purpose of a bond restrictive covenant? O A. To maximize shareholder value and encourage the selection of projects with the highest expected return. O B. To increase the recovery rates on insolvent debt if the firm cannot or will not pay its debts. O C. To prevent the firm from taking excessive risk at the expense of debt holders. Unsure O D. To encourage the firm to make decisions that reduce the chance of insolvency