Question
In the chapter introduction we learned that AT&T (T) borrowed $3 billion by issuing bonds to the public bond market. Although this may sound like
In the chapter introduction we learned that AT&T (T) borrowed $3 billion by issuing bonds to the public bond market. Although this may sound like a lot of money, AT&T owed almost $65 billion in corporate debt at the end of 2011. The company had over $270 billion in total assets in 2011. How much will the new bond issue increase AT&T debt-to-total assets ratio?
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Private Capital Markets Valuation Capitalization And Transfer Of Private Business Interests
Authors: Robert T. Slee
2nd Edition
0470928328, 978-0470928325
