Which one of the following might be included in a bond's list of negative covenants?...

70.2K

Verified Solution

Question

Finance

image
Which one of the following might be included in a bond's list of negative covenants? 1) Maintaining a current ratio of 1.2 or more 2) Maintaining a minimum cash balance of $1.2 million 3) Maintaining a times interest earned ratio of 2 or more 4) Limiting cash dividends to $1 per share or less U 5) Providing audited financial statements in a timely manner

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students