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Debt Covenants : explain what is meant by a 'fixed GAAP debt covenant.'What are the advantages and disadvantages of a fixed GAAP debt covenant from

Debt Covenants: explain what is meant by a 'fixed GAAP debt covenant.'What are the advantages and disadvantages of a fixed GAAP debt covenant from the perspective of the borrower?What are the advantages and disadvantages from the perspective of the lender

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