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Protective covenant devised in market to reduce event risk and to...

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Financial Management
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Protective covenant devised in market to reduce event risk and to control debt cost is classified as

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Correct Answer: Option B
Protective covenant devised in market to reduce event risk and to control debt cost is classified as super poison put. Protective covenant. A part of an indenture or loan agreement that limits certain actions a company may take during the term of the loan to protect the lender's interests.
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