Which of the following are common loan covenants? Assume each item applies only during the term of the loan. I. Limit on future borrowing, II. Requirement that the borrower maintains a minimum stated level of net working capital, III. Limit on any sales or switches of assets, IV. Limit on the amount of dividends that can be paid

a. I and IV only

b. II and III only

c. I, III, and IV only

d. I, II, III only

e. I, II, III, and IV