The following examples describe possible features or characteristics of long$-$term debt:

$($a$)$ Identify and match with the possible features or characteristics.

The debt agreement includes a covenant that requires the debtor

to maintain a minimum amount of working capital.

The stated rate of a bond issue is less than the market rate.

The debt is backed by a claim on the debtor's real estate.

The debt agreement includes a covenant that limits the amount of

additional debt that the debtor can incur.

The debt matures on a single date in $20$ years.

The bond gives the holder the right to convert the debt before

maturity.

The debtor arranges for defeasance of the debt.

The debt is a debenture bond.

Decreases the riskiness of the long$-$term debt

Increases the riskiness of the long$-$term debt

Decreases the riskiness of the long$-$term debt

Decreases the riskiness of the long$-$term debt

Does not affect the riskiness of the long$-$term debt

Increases the riskiness of the long$-$term debt

Decreases the riskiness of the long$-$term debt

Increases the riskiness of the long$-$term debt