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Basic Question 2 of 6
Which groups usually don't have covenant protection?
II. preferred share holders
III. junior debt holders
IV. unsecured lenders
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
Learning Outcome Statements
compare the financial claims and motivations of lenders and shareholders
CFA® 2025 Level I Curriculum, Volume 2, Module 2.