Which one of the following might be included in a bond's list of negative covenants?
A) Maintaining a current ratio of 1.2 or more
B) Maintaining a minimum cash balance of $1.2 million
C) Limiting cash dividends to $1 per share or less
D) Maintaining a times interest earned ratio of 2 or more
E) Providing audited financial statements in a timely manner
Correct Answer:
Verified
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A)generally purchased by tax-exempt investors.
B)risk-free.
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