Which of the following forms of financing tends to be the least flexible?

a.

Mezanine Debt

b.

Bank Debt

c.

Equity Contribution

d.

High Yield Bonds

What is the classification of a covenant that limits the amount of debt the borrower can have outstanding?

a.

Financial

b.

Negative

c.

Maintenance

d.

Affirmative

In a pre-LBO model, what is the new line item financing fees under?

a.

Short-term assets

b.

Short-term liabilities

c.

Long-term liabilities

d.

Long-term assets