Multiple Choice
Which of the following is not an example of debt covenant:
A) a restriction in the amount of dividends distributed as a percentage of profit.
B) a maximum interest cover of 2.5 times.
C) a restriction in undertaking mergers and takeovers unless approved by the lender.
D) a maximum leverage ratio of 60%re.
Correct Answer:
Verified
Correct Answer:
Verified
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