Question
Stocks differ from bonds because: the ending par value of a bond is known at purchase while theending value of a share of stock is
Stocks differ from bonds because:
the ending par value of a bond is known at purchase while theending value of a share of stock is unknown at purchase. | ||
firms pay bond cash flows prior to paying taxes while stock cashflows are after tax. | ||
bond cash flows are known while stock cash flows areuncertain. | ||
of all of the above. |
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Financial Theory and Corporate Policy
Authors: Thomas E. Copeland, J. Fred Weston, Kuldeep Shastri
4th edition
321127218, 978-0321179548, 321179544, 978-0321127211
