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Which of the following would NOT be a reasonable bond covenant? 1) The company can engage in unlimited capital investment. 2) The company will keep

Which of the following would NOT be a reasonable bond covenant?

1) The company can engage in unlimited capital investment. 2) The company will keep a long-term debt ratio of less than or equal to 75%. 3) The company commits to not selling any more bonds. 4) The company is required to regularly issue audited financial statements.

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