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what are covenants in a loan agreement? What are the objectives of covenants? (a) How do loan portfolio risks differ from individual loan risks? (b)

  1. what are covenants in a loan agreement? What are the objectives of covenants?
  2. (a) How do loan portfolio risks differ from individual loan risks? (b) What does loan concentration risk mean?
  3. What is migration analysis? How do FIs use it to measure credit risk concentration? What are its shortcomings?

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