Question
Which one of the following covenants is a negative loan covenant? A.The certified financial statements must be provided within 90 days of the end of
Which one of the following covenants is a negative loan covenant?
A.The certified financial statements must be provided within 90 days of the end of each fiscal year
B.The firm's debt to total assets ratio must be less than 70%
C.No change in senior management
D.The firm must carry property insurance on all collateral
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Stylianos Perrakis, Peter
8th Canadian Edition
007133887X, 978-0071338875
