Which of the following is most likely considered a negative covenant? A. The company must maintain a
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Which of the following is most likely considered a negative covenant?
A. The company must maintain a current ratio of 2.0 or above.
B. The company must maintain insurance on specific property.
C. The company is not permitted to pay dividends until all interest obligations on debt are satisfied.
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Related Book For
Analysis Of Financial Statements
ISBN: 9781118299982
3rd Edition
Authors: Frank J. Fabozzi, Pamela Peterson Drake
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