Recently several companies have issued bonds with 100-year maturities. Critics charge that the issuers are really selling

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Recently several companies have issued bonds with 100-year maturities. Critics charge that 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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Corporate Finance

ISBN: 978-0071339575

7th Canadian Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Ro

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Question Posted: Jun 17, 2015 04:50 AM

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Recently several companies have issued bonds with 100-year maturities. Critics charge that the issuers are really selling

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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

Corporate Finance

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