WHICH OF THE FOLLOWING IS LEAST LIKELY TO BE A NEGATIVE COVENANT...

108. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON VERSIONB QUESTIONS 2014

MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON VERSIONB QUESTIONS 2014

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108. Which of the following is least likely to be a negative covenant associated with a coupon-paying

corporate bond issue?

A. A requirement to hedge at least 50% of the firm's revenues generated from foreign sales

B. A prohibition from investing in long-term projects in emerging market countries

C. A requirement to pay withholding taxes to foreign governments in a timely manner