Income bonds are unusual. Interest payments on such bonds may be skipped or deferred if the firm's

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Income bonds are unusual. Interest payments on such bonds may be skipped or deferred if the firm's income is insufficient to make the payment. In what way are these bonds like preferred stock? Why might a firm choose to issue an income bond instead of preferred stock?
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Fundamentals of Corporate Finance

ISBN: 978-0078034640

7th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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