- CFA Exams
- CFA Level I Exam
- Study Session 15. Fixed Income (2)
- Reading 47. Fundamentals of Credit Analysis
- Subject 4. Credit Analysis
CFA Practice Question
Bond covenants ______.
II. may limit dividends or restrict new debt or acquisitions.
III. may require the maintenance of certain financial ratios.
IV. can lead to technical default if provisions are violated.
I. are contract provisions to protect bond investors.
II. may limit dividends or restrict new debt or acquisitions.
III. may require the maintenance of certain financial ratios.
IV. can lead to technical default if provisions are violated.
A. I, II and III
B. II, III and IV
C. I, II, III and IV
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