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An affirmative covenant is most likely to stipulate: Question 3 Answer a . How the proceeds of the bond issue will be used. b .

An affirmative covenant is most likely to stipulate:
Question 3 Answer
a.
How the proceeds of the bond issue will be used.
b.
Limits on the issuers leverage ratio.
c.
The maximum percentage of the issuers gross assets that can be sold.
d.
Prohibitions on investing in risky projects.

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