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Basic Question 2 of 6

Which groups usually don't have covenant protection?

I. common share holders
II. preferred share holders
III. junior debt holders
IV. unsecured lenders

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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

compare the financial claims and motivations of lenders and shareholders

CFA® 2024 Level I Curriculum, Volume 2, Module 2.