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    Practical Financial Management Study Set 1
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    Exam 15: Dividends and Repurchases
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    Indentures and Covenants on Borrowing Restrict the Firm's Business Operations
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Indentures and Covenants on Borrowing Restrict the Firm's Business Operations

Question 165

Question 165

True/False

Indentures and covenants on borrowing restrict the firm's business operations, but do not limit its ability to pay dividends.

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