PRIN.OF CORPORATE FINANCE
PRIN.OF CORPORATE FINANCE
13th Edition
ISBN: 9781260013900
Author: BREALEY
Publisher: RENT MCG
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Chapter 14, Problem 9PS

Corporate debt* Which of the following features would increase the value of a corporate bond? Which would reduce its value?

  1. a. The bond is convertible into shares.
  2. b. The bond is secured by a mortgage on real estate.
  3. c. The bond is subordinated.
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