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WordTech Guru Corporation issues bonds with a bond covenant that specifies a stated debt-to-equity ratio range that management must maintain and further requires management to
WordTech Guru Corporation issues bonds with a bond covenant that specifies a stated debt-to-equity ratio range that management must maintain and further requires management to provide financial information to bondholders, including the buying and selling of major assets. Which of these statements is most likely true of the bonds they are issuing? a. The bonds will likely have a call provision. b. The bonds will be considered less risky and thus have a lower interest rate. c. The bonds will be considered more risky and thus have a higher interest rate. d. The bonds will likely be very long term
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