You are a financial manager considering selling bonds to raise funds for your firm. Indicate how the following bond features/events would likely effect the interest rate you paid by circling one arrow for each of the six features. In other words, would the feature tend to increase or decrease the interest rate your firm paid on the bonds?

a) Adding a sinking fund

b) Your firms bond rating was lowered from AA to BBB

c) Reducing the number of restrictive covenants

d) Adding a call feature

e) Making the bond convertible into common stock

f) The bond is subordinated to other bonds issued by the firm