Question
For each of the next 3 questions write in higher or lower Compared to a bond with more restrictive covenants, a bond with fewer restrictive
For each of the next 3 questions write in higher or lower
Compared to a bond with more restrictive covenants, a bond with fewer restrictive covenants would have a _____________ yield to maturity holding everything else constant.
Compared to a bond without a sinking fund provision, a bond with a sinking fund provision would have a _____________ yield to maturity holding everything else constant.
Compared to a bond with a convertibility feature, a bond without a convertibility feature would have a _____________ yield to maturity holding everything else constant.
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