A protective covenant may:
A) specify all the rights and obligations of the issuing firm and the bondholders.
B) require the firm to retire a certain amount of the bond issue each year.
C) restrict the amount of additional debt the firm can issue.
D) do none of these.
Ans: C) restrict the amount of additional debt the firm can issue.
Business
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The payment of claims provisions states that the insurer will pay the death benefit within how many days after receiving notification of the claim?
A) 145 days B) 90 days C) 60 days D) 120 days"
Business
After completing a use-case design using CRC cards, the next step is to _______
a. add required utility classes b. select another use case c. program the use case d. update the design class diagram
Business