a. Why might an income bond be attractive to a corporation with volatile cash flows? Can you
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a. Why might an income bond be attractive to a corporation with volatile cash flows? Can you think of a reason why income bonds are not more popular?
b. What do you think would be the effect of a put feature on a bond’s coupon? How about a convertibility feature? Why?
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a An income bond can be attractive to a corporation with volatile cash flows because it provides flexibility in interest payments Unlike traditional b...View the full answer
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Related Book For 
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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