Why is a bond considered to be a loan but a share of stock is not? Why

Question:

Why is a bond considered to be a loan but a share of stock is not? Why do corporations issue both bonds and shares of stock?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

Question Posted: