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Phil Brake, an aspiring young accountant, says at the weekly management meeting: I don't think putting all these restrictive covenants in our next bond issue

Phil Brake, an aspiring young accountant, says at the weekly management meeting: "I don't think putting all these restrictive covenants in our next bond issue is such a good idea.After all, we can't make ourselves better off by restricting our choices, can we?"The President of the company asks for your opinion.What do you say?

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