Sinking funds have both positive and negative characteristics for bondholders. Why?

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Corporate Finance

ISBN: 978-0077861759

10th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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Question Posted: Aug 28, 2014 10:19 AM

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Sinking funds have both positive and negative characteristics for bondholders. Why?

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Sinking funds provide additional security to bonds If a firm is exper...View the full answer

Corporate Finance

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