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kevinzhu · 2020年02月20日

问一道题:NO.PZ2016031204000005 [ CFA I ]

问题如下:

Which of the following covenants can protect investors in a leveraged loans?

选项:

A.

Company needs to maintain specified financial ratios within certain limits.

B.

Company can make discretionary operating decisions unrelated to current business.

C.

Company have no limits on paying dividends.

解释:

A is correct.

In a leverage loans, the borrower needs to maintain specified financial ratios within certain limits and submit information so that bank can monitor performance.

c错在哪里,感觉分行无限制的话,投资者可以得到的收益更多

1 个答案

xiaowan_品职助教 · 2020年02月21日

同学你好,这道题考察的是LBO相关知识点。对于leveraged loans 来说,我们要站在债权人的角度去思考,禁止分红可以更好保护投资者的利益。这里要和普通的股票投资者区分开哈~