Which of the following statements regarding bonds is FALSE? A) Covenants may restrict the level of further indebtedness and specify that the issuer must maintain a minimum amount of working capital. B) Bond agreements often contain covenants that restrict the ability of management to pay dividends. C) By including more covenants, issuers lower their costs of borrowing. D) Covenants are legal clauses in a bond contract that allows the shareholders to invest in any kind of risky project.