Describe the nature of a bond. Include at least the following ideas. Term/maturity ............face value Debt versus
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Term/maturity ............face value
Debt versus equity .......“buying” a bond
Non-amortized .....one borrower/many lenders
Risk .........conflict with stockholders
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A bond represents a debt relationship between the investor lender and the issuing company borrower I...View the full answer
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