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Ananalystreviewsacorporatebondindenturethatcontainsthesetwocovenants

2020-11-11 01:52:30 问答库 阅读

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

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