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In general, if we compare two loans or bonds of the same loan size, we would expect a lower interest rate on the loan or
In general, if we compare two loans or bonds of the same loan size, we would expect a lower interest rate on the loan or bond that is
taxable, and has higher risk and longer maturity.
tax free, and has lower risk and longer maturity.
tax free, and has lower risk and shorter maturity.
taxable, and has lower risk and shorter maturity.
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
