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24. Assume that you purchased corporate bonds one year ago that have no protective covenants. Today, it is announced that the firm that issued the

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24. Assume that you purchased corporate bonds one year ago that have no protective covenants. Today, it is announced that the firm that issued the bonds plans a leveraged buyout requiring that raise more debt. The market value of your bonds will likely as a result a. rise b. decline c. be zero d. be unaffected

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