On 17 April 2020 Pinder Ltd was trading at $10 per share when it announced a 3 for 8 rights issue at a subscription price of $7 per share and an ex-rights date of 15 May 2020. The theoretical ex-rights price implied by this information is closest to which of the following values O $9.18 57.00 $218 Unable to answer, need more information O $10 Which of the following statements accurately describes the use of restrictive covenants by debtholders? An example of a negative covenant would be for alender to require the borrowing firm to not issue further debt unless that additional debt has a superior claim to the lender's own claim None of the other statements accurately describes the use of restrictive covenants by debtholders An example of a positive covenant would be to require the borrowing firm to stay out of certain geographical markets. An example of a negative covenant would be for the ender to restrict the borrowing firm from decreasing dividends as that would likely result in a transfer of wealth from debtholders to shareholders More than one of the other statements accurately describes the use of restrictive covenants by debtholders