Funds from operations (FFO) of Pay Handle Ltd (a fictitious company) increased in 20X1. In 20X1, the

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Funds from operations (FFO) of Pay Handle Ltd (a fictitious company) increased in 20X1. In 20X1, the total debt of the company remained unchanged while additional common shares were issued. Pay Handle Ltd’s ability to service its debt in 20X1, as compared to 20X0, most likely:

A. Improved.

B. Worsened.

C. Remained the same.

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Fixed Income Analysis

ISBN: 9781119627289

4th Edition

Authors: Barbara S. Petitt

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