Which one of these is a positive covenant

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Reference no: EM131504936

Which one of these is a positive covenant?

a. The market debt-equity ratio cannot exceed .60.

b. No dividend increases will be allowed.

c. The firm cannot be acquired in a friendly takeover.

d. The firm must maintain a current ratio of 1.2 or better.

e. The firm will not issue any debt with higher seniority.

Reference no: EM131504936

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