Arizona State University FIN FIN 40628 Phil Brake, an aspiring young accountant, says at the weekly management meeting: ‘I don’t think putting all these restrictive covenants in our next
meeting: “I don’t think putting all these restrictive covenants in our next bond issue is such a good idea. After all, we can’t make ourselves better off by restricting our choices, can we?” The President of the company asks for your opinion. What do you say?
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