Question
An affirmative covenant is most likely to stipulate: 1. limits on the issuers leverage ratio. 2. how the proceeds of the bond issue will be
An affirmative covenant is most likely to stipulate:
1. limits on the issuers leverage ratio.
2. how the proceeds of the bond issue will be used.
3. the maximum percentage of the issuers gross assets that can be sold.
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
10th Edition
0201785676, 9780201785678
