Covenants represent:
a. The property that a company pledges to guarantee repayment
b. The maximum that a creditor will allow a customer to owe at any point in time
c. Promises the company makes to the creditor
d. Terms and conditions set forth in a lending agreement to reduce the probability of nonpayment

What is the most important factor that affects the value of a company? a) cash flow b) earnings c) supply and demand d) number of employees

Most angel investors expect a return on investment of question options: 20% to 25% over 5 years. 15% to 20% over 5 years. 75% over 10 years. 100% over 5 years.

Anew 2-lane road is needed in a part of town that is growing. at some point the road will need 4 lanes to handle the anticipated traffic. if the city's optimistic estimate of growth is used, the expansion will be needed in 4 years and has a probability of happening of 40%. for the most likely and pessimistic estimates, the expansion will be needed in 8 and 15 years respectively. the probability of the pessimistic estimate happening is 20%. the expansion will cost $ 4.2 million and the interest rate is 8%. what is the expected pw the expansion will cost?