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Which of the following statements is a negative covenant in indenture to protect bondholders? a) The company must maintain minimum level of working capital b)The

Which of the following statements is a negative covenant in indenture to protect bondholders?

a) The company must maintain minimum level of working capital

b)The firm cannot pledge any assets to other lenders

c) The firm does not require to maintain any collateral

d) The firm must increase dividend payments

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