题目
Contrary to positive bond covenant, negative covenants are most likely:
选项
A.costlier.
B.legally enforceable.
C.enacted at time of issue.
答案
A
解析
：A is correct. Affirmative covenants typically do not impose additional costs to the issuer, while negative covenants are frequently costly. B is incorrect because all bond covenants are legally enforceable rules, so there is no difference in this regard between positive and negative bond covenants. C is incorrect because borrowers and lenders agree on all bond covenants at the time of a new bond issue, so there is no difference in this regard between positive and negative bond covenants. ： A是正确的。肯定性条款通常不会给发行人带来额外的成本，而否定性条款通常成本高昂。B是不正确的，因为所有的债券条款都是法律上可执行的规则，所以在这方面，肯定性条款和否定性条款没有区别。C是不正确的，因为借款人和贷款人在新债券发行时就所有债券条款达成一致，因此在这方面，肯定性条款和否定性条款没有区别。