QUESTIONS 97 THROUGH 108 RELATE TO FIXED INCOME INVESTMENTS

2) - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2012
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2012
2) The borrower will not incur additional debt if its debt/capital ratio is more than 50%. What types of covenants are these? A. Both are affirmative covenants. B. Covenant 1 is negative and Covenant 2 is affirmative. C. Covenant 1 is affirmative and Covenant 2 is negative.