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Protective covenants in a bond indenture are put in place to: Select one: a. Ensure that bondholders are protected against the actions of management b.
Protective covenants in a bond indenture are put in place to:
Select one:
a. Ensure that bondholders are protected against the actions of management
b. Ensure that the yield to maturity of a bond will not change over time.
c. Ensure sufficient collateral for bank loans
d. Ensure that management acts in the best interest of shareholders
e. Ensure that there is no conflict of interest between managers and shareholders
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