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43. Which of the following statements relating to debt covenants is incorrect? a. Covenants are written into loan contracts. b. If a company breaches a

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43. Which of the following statements relating to debt covenants is incorrect? a. Covenants are written into loan contracts. b. If a company breaches a debt covenant it will not need to renegotiate or repay the loan. c. Covenants restrict a company's activities. d. Companies enter into debt covenants with banks when they borrow a significant amount

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