Negative covenants Study guides, Class notes & Summaries

6 types of private equity - Answer-Equity PE - venture capital - buyouts - merchant banking Debt PE - mezzanine debt (debt / equity hybrid for middle market companies) - distressed debt - leveraged loans (noninvestment grade LIBOR + 1.25% Criteria for distressed debt - Answer-Equal to CCC / Caa or lower Yielding 10% more than the risk-freer rate Market price less than 50% par 4 Types of covenants - Answer-Positive Negative Incurrence Maintenance Business Development Companie...

Characteristics of preferred stock includes - Answer- -dividends in arrears -dividends are cumulative -higher payoff claim in a BK (has first dibs in a BK) -considered "hybrid" (part stock/part bond) -no fixed maturity date -no voting rights -can skip dividend payments -dividends don't change year-after-year -used in start ups (IPO) Preferred stock dividends - Answer- can go without payment and pay in arrears the following year Characteristics of common stock are - Answer- -voti...

Financial Markets -One type of Structure through which funds flow - Can be distinguished along 3 dimensions: 1. Primary vs secondary 2. money vs capital markets 3. exchanges vs. over-the-counter Primary Markets Markets in which users of funds (corporations and governments) raise funds by issuing financial instruments (stocks and bonds) Secondary Markets Market where existing financial instruments are traded among investors (NYSE, NASDAQ) Money Markets -markets that trade debt securiti...

CFA LEVEL 1 FIXED INCOME EXAM QUESTIONS WITH CORRECT ANSWERS 100% 2024

5. HRCI- SPHR Employee Relations and Engagement 75 Questions with Verified Answers Which of the following should you recommend as a last step when building an ADR process for your employer? A. Establish formal complaint procedures. B. Engage an ombudsman to help resolve disputes. C. Allow disciplinary appeals to be assigned to a peer review panel. D. Train supervisors to utilize open-door techniques for employee feedback. - CORRECT ANSWER C. There are many tools HR may use to build an e...

CFA LEVEL 1 FIXED INCOME EXAM QUESTIONS WITH CORRECT ANSWERS 100% 2024

A distributor of office equipment has experienced moderate sales growth in each of the last three years while gross and operating profit margins have remained stable. Each year the company has shown a declining amount of cash after operations. What is the most logical cause of the declining cash after operations? a. Higher dividend and interest payments b. Increasing reliance on trade creditors c. Less efficient inventory management d. Acquisition of new capital equipment Answer- C Using...

WGU C214 Financial Mgmt Pass the OA Characteristics of preferred stock includes - Correct answer--dividends in arrears -dividends are cumulative -higher payoff claim in a BK (has first dibs in a BK) -considered "hybrid" (part stock/part bond) -no fixed maturity date -no voting rights -can skip dividend payments -dividends don't change year-after-year -used in start ups (IPO) Preferred stock dividends - Correct answer-can go without payment and pay in arrears the following year Cha...

Financial and Managerial Accounting for MBAs 6th Edition Easton Solutions Manual. Balance Sheet Reporting and Analysis Harley-Davidson’s balance sheet is reproduced in Exhibit C.3 in thousands of dollars and in common size (as a % of total assets). The company reports total assets of $10,666 million in 2018, with noncurrent finance receivables as the largest asset (46.9% of total assets). Total current assets increased from 39.0% of total assets in 2017 to 42.0% in 2018. This decrease was p...

The property tax is an ____ __________ tax, meaning it is based on value. - ANSWER-ad valorem The assessor is responsible for the _______, ________, and __________ of all taxable property. - ANSWER-discovery listing valuation The taxable location of personal property is referred to as its __________. - ANSWER-situs An estimate of value, usually in writing, of an adequately described property, as of a given date, is termed ___ ___________. - ANSWER-an appraisal A jurisdiction's tax...