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Basic Question 2 of 6
Which groups usually don't have covenant protection?
II. preferred share holders
III. junior debt holders
IV. unsecured lenders
I. common share holders
II. preferred share holders
III. junior debt holders
IV. unsecured lenders
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
compare the financial claims and motivations of lenders and shareholders
CFA® 2025 Level I Curriculum, Volume 2, Module 2.