Question
A bond that pays interest forever and has no maturity date is a perpetual bond. In what respect is a perpetual bond similar to a
A bond that pays interest forever and has no maturity date is a perpetual bond. In what respect is a perpetual bond similar to a share of preferred stock?
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
