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Stocks differ from bonds because: the ending par value of a bond is known at purchase while the ending value of a share of stock
Stocks differ from bonds because:
the ending par value of a bond is known at purchase while the ending value of a share of stock is unknown at purchase. | ||
firms pay bond cash flows prior to paying taxes while stock cash flows are after tax. | ||
bond cash flows are known while stock cash flows are uncertain. | ||
of all of the above. |
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