Debt contracts usually place restrictions on the ability of a company to deploy resources and to pursue
Question:
Debt contracts usually place restrictions on the ability of a company to deploy resources and to pursue business activities. These are often referred to as debt covenants.
a. Identify where information about such restrictions is found.
b. Define margin of safety as it applies to debt contracts and describe how the margin of safety can impact assessment of the relative level of company risk.
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a Information about debt covenant restrictions are available in the d...View the full answer
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Related Book For 
Financial Statement Analysis
ISBN: 978-0073379432
10th edition
Authors: K. R. Subramanyam, John J. Wild
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