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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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Ruthann
4 days 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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Bernardo
5 days 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
11 days 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
12 days ago
I agree with Ryan, because all the covenants listed are typically included in an indenture.
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Ryan
14 days ago
I think the answer is D) none of these.
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