In 2012 AT&T (T) borrowed $3 billion by issuing bonds in the public bond market. Although this
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In 2012 AT&T (T) borrowed $3 billion by issuing bonds in the public bond market. Although this may sound like a lot of money, AT&T owed almost $65 billion in corporate debt at the end of 2011. The company had over $270 billion in total assets in 2011. How much will the new bond issue increase AT&T’s debt to total assets ratio?
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The debt to total assets ratio is commonly used as an indicat...View the full answer
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Related Book For 
Foundations Of Finance
ISBN: 9780135160619
10th Edition
Authors: Arthur J. Keown, John H. Martin, J. William Petty
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