CFA Practice Question

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CFA Practice Question

Bond covenants ______

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. All of the above

User Contributed Comments 1

User Comment
Mago this is one of the easy ones!
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