Bonds as Equity the 100-year bonds we discussed in the chapter have something in common with junk
Question:
Bonds as Equity the 100-year bonds we discussed in the chapter have something in common with junk bonds. Critics charge that, in both cases, the issuers are really selling equity in disguise. What are the issues here? Why would a company want to sell “equity in disguise”?
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A 100year bond looks like a share of preferred stock In particular it is a loan with a ...View the full answer
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Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th Edition
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
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