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N8 Bonds as Equity [ LO1] The 100-year bonds we discussed in the chapter have something in common with junk bonds. Critics charge that, in

N8

Bonds as Equity [ LO1] The 100-year bonds we discussed in the chapter have something in common with junk bonds. Critics charge that, in both cases, the issuers are really selling equity in disguise. What are the issues here? Why would a company want to sell "equity in disguise"?

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