Which of the following will have the greatest need of strong bond covenants if it is to receive a high bond rating?

Name: Which of the following will have the greatest need of strong bond covenants if it is to receive a high bond rating?
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Question

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Debentures, unlike mortgage bonds or asset-backed bonds, are not secured by collateral. Therefore, to receive a high bond rating, debentures have a greater need for strong bond covenants to protect the interests of bondholders.

Which of the Following Will Have the Greatest Need of Strong