generally receive fixed payments regardless of how the firm does, while -Select- earn higher returns when the firm's earnings are higher. Investments in -Select- ventures, that have great payoffs to stockholders if successful but threaten bankruptcy if they fail, create conflicts. In addition, the use of additional -Select- increases stockholder- debtholder conflicts. Consequently, bondholders attempt to protect themselves by including -Select- in bond agreements that limit firms' use of additional -Select- and constrain -Select- actions.

Bondholders generally receive fixed payments regardless of how the firm does, while Stockholders earn higher returns when the firm's earnings are higher.

Investments in risky ventures, that have great payoffs to stockholders if successful but threaten bankruptcy if they fail, create conflicts.

In addition, the use of additional debt increases stockholder- debt-holder conflicts.

Consequently, bondholders attempt to protect themselves by including covenants in bond agreements that limit firms' use of additional debt and constrain manager actions.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answertrue;