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One way that bond investors can limit management's ability to commit a bait and switch is to a . require higher coupon rates than the

One way that bond investors can limit management's ability to commit a bait and switch is to
a. require higher coupon rates than the market rate of interest.
b. write covenants in bond issues that prevent firms from investing in riskier projects than originally promised.
c. purchase company stock instead of a company's bonds.
d. sell their bonds immediately after discovering a company has committed a bait and switch strategy.

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