Question
A put feature requires the firm to place funds in an account to pay coupon interest via a third party the firm to use only
A put feature requires
| the firm to place funds in an account to pay coupon interest via a third party | ||
| the firm to use only equity funding for further fundraising during the life of the bond | ||
| the company to repay the investor before maturity | ||
| investor to cash in the bond before maturity |
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Fundamentals Of Financial Institutions Management
Authors: Marcia Cornett, Anthony Saunders
1st Edition
0256253676, 9780256253672
