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Basic Question 8 of 9
Bond investors may lose considerable market value of their bonds if the company that issued them becomes the target of a leveraged buyout. The covenant intended to protect bond investors in LBOs is ______.
B. change of control put
C. limitations on additional indebtedness
A. change of control call
B. change of control put
C. limitations on additional indebtedness
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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.