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A. Option D
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Answer: A

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* $800 million 5% bonds quoted at par.
The company plans to raise $200 million long term debt to finance a project with a net present value of
$100 million.
The bank that is providing the debt is insisting on a maximum gearing level covenant.
Gearing will be based on market values and calculated as debt/(debt + equity).
What is the lowest figure for the gearing covenant that the bank could impose without the company breaching the agreement?
A. 44%
B. 45%
C. 43%
D. 46%
Answer: A

NEW QUESTION: 3
When exporting a cube view from TM1 Web, which prerequisite is required to ensure charts are included?
A. Java Runtime Engine (JRE)
B. DoJo 1.6
C. Microsoft Excel
D. Adobe Acrobat
Answer: C

NEW QUESTION: 4
A customer is expecting rapid growth of their data storage needs on their HPE Nimble arrays. Which HPE tool should you recommend to best assist with capacity planning?
A. NinjaStars for Nimble
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D. One Config Advanced
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