Which of the Following Are Common Loan Covenants? Assume Each

Multiple Choice

Which of the following are common loan covenants? Assume each item applies only during the term of the loan. I.Limit on future borrowing
II) Requirement that the borrower maintains a minimum stated level of net working capital
III) Limit on any sales or switches of assets
IV) Limit on the amount of dividends that can be paid

A) I and IV only
B) II and III only
C) I,III,and IV only
D) I,II,and III only
E) I,II,III,and IV