Protective Covenants

Protective covenants:

A) Are primarily designed to protect the issuing corporation from unreasonable demands of bondholders.
B) Are consistent for all bonds issued by a corporation within Canada.
C) Are limited to stating actions which a firm must take.
D) Only apply to bonds that have a deferred call provision.
E) Are primarily designed to protect bondholders from future actions of the bond issuer.