Explain the nature of debt securities and the markets in which they are issued. - Debt securities
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Explain the nature of debt securities and the markets in which they are issued.
- Debt securities are issued in exchange for borrowed cash.
- In return for the borrowed cash, the borrower typically makes periodic interest payments and repays the face, or par, value at maturity.
- These securities may be placed directly with a creditor such as a bank or pension fund or they may be more widely distributed with the help of an underwriter.
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Related Book For
Cornerstones Of Financial Accounting
ISBN: 9780176707125
2nd Canadian Edition
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
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