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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 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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