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Which of the Following Is Not an Example of Debt

Question 21

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.

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