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What is a junk bond? With a hypothetical scenario, explain the LBO and use of junk bonds. As a financial analyst, craft a bond indenture
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What is a junk bond? With a hypothetical scenario, explain the LBO and use of junk bonds.
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As a financial analyst, craft a bond indenture for an upcoming zero coupon bond. Add all the necessary terms that will cover the protective covenants too. You need to add trustee and interest rate risk provision at the same time sinking fund portion of the bond. All the numbers, names etc. will be fictitious and just for academic purposes.
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