QUESTION 16 Contractual clauses on long-term debt agreement that place specific operating and financial constraints on the borrowers are called? Borrower risk constraints Loan covenants Payment dates Loan size3 points QUESTION 17 are forecast of what firms expect the income statement and balance sheets look like in a year or two ahead. Sales volume Pro-forma financial statements Inventories 3 points QUESTION 18 Salaries and Wages The following types of bonds are unsecured, EXCEPT. Equipment trust certificates Debentures Income bonds Subordinated debentures.3 points QUESTION 19 The assumptions of the sustainable growth model is all of these, EXCEPT. The only form of equity is common stock, and it will not issue new shares of common stocks next year The Total assets turnover ratio (S/A) remains constant Payout a growing fraction of its earnings as dividends. 3 points QUESTION 20 is a third party to a bond indenture and can be an individual, a corporation, or, most often, a commercial bank trust department. Bond issuer Investor Trustee Rated Agency