Which of the following best describes a negative bond covenant? The requirement to: A. Insure and maintain
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Which of the following best describes a negative bond covenant? The requirement to:
A. Insure and maintain assets.
B. Comply with all laws and regulations.
C. Maintain a minimum interest coverage ratio.
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The answer is C Maintain a minimum interest coverage ratio A negative bond covenant is a restr...View the full answer
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Swati singh
I am swati singh. Currently, I am in the 3rd sem pursuing B-tech in civil engineering from the National Institute of Technology.
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