Which of the following work to reduce agency conflicts between stockholders and bondholders?
A) Including restrictive covenants in the company's bond contract.
B) Providing managers with a large number of stock options.
C) The passage of laws which make it easier for companies to resist hostile takeovers.
D) Statements b and c are correct.
E) All of the statements above are correct.
Correct Answer:
Verified
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