Which of the following best describes a negative bond covenant? The issuer is: A. Required to pay
Question:
Which of the following best describes a negative bond covenant? The issuer is:
A. Required to pay taxes as they come due.
B. Prohibited from investing in risky projects.
C. Required to maintain its current lines of business.
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A negative bond covenant is a clause in a bond agreement that restricts the issuer from engaging in ...View the full answer
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