Example of restrictive covenants given in a bonds indenture
Give an example of restrictive covenants that could be given in a bond’s indenture?
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An indenture may have restrictions on: a) Dividend payments b) Limitations on future borrowings c) Requirements that working capital will be maintained at some minimum level.
Based on the information below, calculate the weighted average cost of capital. Great Corporation has the following capital situation. Debt: One thousand bonds were issued five years ago at a coupon rate of 10%. They had 25-year terms and $1,000 face values. They are now selling to yield 9%. Th
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