Why should I choose AnalystNotes?
Simply put: AnalystNotes offers the best value and the best product available to help you pass your exams.
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
User Contributed Comments 0
You need to log in first to add your comment.
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
Learning Outcome Statements
describe the qualitative and quantitative factors used to evaluate a corporate borrower's creditworthiness
CFA® 2024 Level I Curriculum, Volume 4, Module 16.