GFOA Exam CPFO Topic 10 Question 58 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 58
Topic #: 10

[All CPFO Questions]

The indenture includes all these covenants that protect the beholder EXCEPT:

ARate covenant

BDebt service reserve covenant

CFlow of funds covenant

Dnone of these

Show Suggested Answer

Suggested Answer: D

by Kiley at Sep 18, 2022, 05:41 AM

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Goldie

4 days ago

Ah, the beholder, the all-seeing eye of the financial world! Jokes aside, I think the answer is D. The indenture definitely includes those covenants to protect the bondholders, not the beholder.

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Ruthann

12 days ago

Hmm, I'm pretty sure the indenture includes all those covenants to protect the bondholders, not the beholder. I'll go with A, rate covenant, as the EXCEPT option.

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Bernardo

13 days ago

Wait, the beholder? Isn't that a monster from Dungeons & Dragons? I think the correct answer is D, none of these. This question is clearly not about fantasy creatures, but financial covenants.

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