With respect to valuation, stocks and bonds are dissimilar in that a. bond cash flows are contractual commitments, stock cash flows are not b. periodic
With respect to valuation, stocks and bonds are dissimilar in that
a. bond cash flows are contractual commitments, stock cash flows are not
b. periodic bond interest payments form an annuity while dividends are unlikely to be constant
c. bond cash flows are known precisely while stock cash flows are estimates
d. all of the above
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Authors: Suresh Sundaresan
3rd Edition
0123850517, 978-0123704719
