Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Chapter 19.4, Problem 7TP
Summary Introduction

To discuss: The meaning of 9 percent debenture bond due in 2028.

Introduction: Bond refers to a debt instrument which has longer period for maturity and a fixed interest rate. Bonds are issued at that time when entity needs huge amount of fund.

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