Question
For purposes of measuring a firms leverage, should preferred stock be classified as debt or equity? Does it matter whether the classification is being made
For purposes of measuring a firms leverage, should preferred stock be classified as debt or equity? Does it matter whether the classification is being made (a) by the firms management, (b) by creditors, or (c) by equity investors?
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The Handbook Of Municipal Bonds
Authors: Frank J. Fabozzi, Sylvan G. Feldstein
1st Edition
0470108754, 9780470108758
