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Explain the advantages and disadvantages of having protective covenants placed into the bond contract/indenture (and indicate the yield required on the bond if such protective

Explain the advantages and disadvantages of having protective covenants placed into the bond contract/indenture (and indicate the yield required on the bond if such protective covenants into the indenture caused a change in the required yield by 45 basis points, where one basis point is 0.01%, so the change would be 0.01%x45=0.45%).

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