Lecture Fundamentals of financial management: Chapter 20 - Gregory A. Kuhlemeyer, Carroll College, Waukesha
Lecture Fundamentals of financial management: Chapter 20 - Gregory A. Kuhlemeyer, Carroll College, Waukesha
In this chapter, we examine the major long-term securities issued by firms to provide for their long-term financing needs – long-term debt (bonds), preferred stock, and common stock – and evaluate their features. Also, in the Appendix to this chapter we analyze the potential profitability of a company refunding (replacing) an existing bond issue with a new one.