Multiple Choice
Which of the following is an example of an appropriate loan covenant?
A) The firm must not increase its debt ratio by more than 3 percent.
B) The firm must keep its current ratio above 2.2.
C) The firm must purchase an insurance policy on a key employee.
D) All of the options are examples of appropriate loan covenants.
Correct Answer:
Verified
Correct Answer:
Verified
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