An example of an affirmative covenant is the requirement: A. That dividends will not exceed 60% of
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An example of an affirmative covenant is the requirement:
A. That dividends will not exceed 60% of earnings.
B. To insure and perform periodic maintenance on financed assets.
C. That the debt-to-equity ratio will not exceed 0.4 and times interest earned will not fall below 8.0.
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B is correct Affirmative covenants indicate what the issuer must d...View the full answer
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