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Restrictive covenants are designed to protect both the bondholder and the issuer even though they might constrain the actions of the firm's managers. Such covenants are contained in the bond's indenture.
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Restrictive covenants are designed to protect both the bondholder and the issuer even though they might constrain the actions of the firm's managers. Such covenants are contained in the bond's indenture. a. True b. False

User Michael Maddox
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Answer:

The answer is True

Step-by-step explanation:

This is true because it is designed to protect the interest of the bond holder and the bond issuer.

User Carl Sharman
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