Irene Pirone works as a financial analyst for a national chemical manufacturer, P&Q Ltd. Irene reports directly to Val Zecevic, the company's CFO. P&Q is a publicly traded company with a December 31 year end and a senior debt outstanding borrowed from K&S Investments Inc. During Year 1, Val negotiated a revised line of credit agreement. It is now January 1, Year 2, and the directors are considering a new bond. They would like to understand the impact if certain conditions are added to the bonds