Multiple Choice
Which of the following is an example of an appropriate loan covenant?
A) The firm must increase its debt ratio by at least 10 percent.
B) The firm must reduce its total asset turnover by 10 percent.
C) The firm must purchase an insurance policy on a key employee.
D) All of the options are examples of an appropriate loan covenant.
Correct Answer:
Verified
Correct Answer:
Verified
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