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Which of the following best describes a negative bond covenant? A . One that requires the issuer to maintain its current lines of business. B
Which of the following best describes a negative bond covenant?
A
One that requires the issuer to maintain its current lines of business.
B
One that states how the proceeds of the bond issue will be used.
C
none of the answers listed here
D
One that stipulates the maximum percentage of the issuers assets that can be sold.
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