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GFOA Exam CPFO Topic 10 Question 58 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 58
Topic #: 10
[All CPFO Questions]

The indenture includes all these covenants that protect the beholder EXCEPT:

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Suggested Answer: D

by Kiley at Sep 18, 2022, 05:41 AM

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Eden
28 days ago
Ah, the beholder, the overlord of the bond market! I kid, I kid. Seriously though, I think the answer is A. The rate covenant is the one that doesn't apply to the beholder's protection.
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Michel
18 days ago
I agree with you, the rate covenant is not included in the indenture.
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Goldie
1 months ago
Ah, the beholder, the all-seeing eye of the financial world! Jokes aside, I think the answer is D. The indenture definitely includes those covenants to protect the bondholders, not the beholder.
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Corinne
3 days ago
Yes, the indenture is designed to protect the bondholders, so D is the correct answer.
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Gaynell
1 months ago
I agree, the answer is D. The indenture includes all those covenants to protect the bondholders.
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Ruthann
2 months ago
Hmm, I'm pretty sure the indenture includes all those covenants to protect the bondholders, not the beholder. I'll go with A, rate covenant, as the EXCEPT option.
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Talia
12 days ago
User 2: I agree. I'll go with A, rate covenant, as the EXCEPT option.
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Anastacia
15 days ago
User 1: I think the indenture includes all those covenants to protect the bondholders.
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Bernardo
2 months ago
Wait, the beholder? Isn't that a monster from Dungeons & Dragons? I think the correct answer is D, none of these. This question is clearly not about fantasy creatures, but financial covenants.
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Antonio
2 months ago
I'm not sure, but I think the answer might be C) Flow of funds covenant, as it is not a common covenant found in indentures.
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Hayley
2 months ago
I agree with Ryan, because all the covenants listed are typically included in an indenture.
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Ryan
2 months ago
I think the answer is D) none of these.
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