Question 4 1 pts Because bonds are owned by lots of investors bonds, they usually have tight covenants. True False Question 5 1 pts Large firms borrow a significant fraction of their debt from lenders (rather than bond markets) who provide them informationally intensive financial services. True False Question 6 1 pts For small and young firms, the moral hazard and adverse selection problems are more of a concem and direct finance is more efficient. True O False