Question: What factors should a manager consider when negotiating loan covenants in a long - term debt agreement? a , Minimising loan costs and maximising borrowing

What factors should a manager consider when negotiating loan covenants in a long-term debt agreement?
a, Minimising loan costs and maximising borrowing capacity
b, Balancing operational flexibility and bondholder protections
c, Ensuring compliance with GAAP and legal requirements
d, Satisfying the requirements of financial intermediaries and credit rating agencies

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