Which of the following features would increase the value of a corporate bond? Which would reduce its
Question:
Which of the following features would increase the value of a corporate bond? Which would reduce its value?
a. The borrower has the option to repay the loan before maturity.
b. The bond is convertible into shares.
Visit us at www.mhhe.com/bma Chapter 14 An Overview of Corporate Financing 361
c. The bond is secured by a mortgage on real estate.
d. The bond is subordinated.
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