In recent years, both Coca-Cola and Walt Disney have issued bonds with 100-year maturities. Why would any
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In recent years, both Coca-Cola and Walt Disney have issued bonds with 100-year maturities. Why would any investor buy a bond with such a long maturity, given that the investor is unlikely to still be alive when the bond matures? If market interest rates were to rise, would these bonds be a particularly good or a particularly bad investment in comparison with an investment in a conventional 30-year bond?
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Money Banking And The Financial System International Edition
ISBN: 978-1292000183
2nd Edition
Authors: R. Glenn Hubbard ,Anthony P Obrien
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