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B. An affirmative covenant is most likely to stipulate: 1) Limits on the issuer's leverage ratio. 2) How the proceeds of the bond issue will

B. An affirmative covenant is most likely to stipulate: 1) Limits on the issuer's leverage ratio. 2) How the proceeds of the bond issue will be used. 3) The maximum percentage of the issuer's gross assets that can be sold. marks] [2

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