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Business, 16.06.2020 05:57 dantelin123

A debt contract is said to be incentive compatible if:. a. the borrower's net worth reduces the probability of moral hazard.
b. restrictive covenants limit the type of activities that can be undertaken by the borrower.
c. both the A or B of the above occur.
d. neither A nor B of the above occur.

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A debt contract is said to be incentive compatible if:. a. the borrower's net worth reduces the pro...
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