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Basic Question 6 of 9
The restricted payments covenant is meant to protect creditors by limiting the payments to ______.
B. shareholders
C. junior or subordinated debt-holders
A. banks
B. shareholders
C. junior or subordinated debt-holders
User Contributed Comments 1
| User | Comment |
|---|---|
| johntan1979 | Negative covenant... limit dividend payouts |
Your review questions and global ranking system were so helpful.
Lina
Learning Outcome Statements
describe the qualitative and quantitative factors used to evaluate a corporate borrower's creditworthiness
CFA® 2025 Level I Curriculum, Volume 4, Module 16.