HLT Loans Typically Have All of the Following Characteristics Except

question 90

Multiple Choice

HLT loans typically have all of the following characteristics except which of the following?

• A)They have a short maturity of less than three months.
• B)They are secured by assets of the borrowing firm.
• C)They have floating rates tied to LIBOR or some other short-term index.
• D)They have strong covenant protection.
• E)They are term loans.