A-A+
Ananalystreviewsacorporatebondindenturethatcontainsthesetwocovenants
问题详情
Ananalystreviewsacorporatebondindenturethatcontainsthesetwocovenants:1)Theborrowerwillpayinterestsemi-annually
andprincipalatmaturity.
2)Theborrowerwillnotincuradditionaldebtifitsdebt/capitalratioismorethan50%.
Whattypesofcovenantsarethese?
A.Bothareaffirmativecovenants.
B.Covenant1isnegativeandCovenant2isaffirmative.
C.Covenant2isnegativeandCovenant1isaffirmative.