Why do bonds often include covenants?
A)To reduce information asymmetry.
B)To reduce moral hazard.
C)To compensate for value-added services.
D)To ensure repayment of the bond.

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The Answer of Why do bonds often include covenants?
A)To reduce information asymmetry.
B)To reduce moral hazard.
C)To compensate for value-added services.
D)To ensure repayment of the bond.

Why Do Bonds Often Include Covenants