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Basic Question 2 of 12
Bond investors may lose considerable market value of their bonds if the company that issued them becomes the target of a leveraged buyout. The covenant intended to protect bond investors in LBOs is ______.
B. change of control put
C. limitations on additional indebtedness
A. change of control call
B. change of control put
C. limitations on additional indebtedness
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You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu
Learning Outcome Statements
explain special considerations when evaluating the credit of high yield, sovereign, and non-sovereign government debt issuers and issues.
CFA® 2024 Level I Curriculum, Volume 5, Module 47.