18.ch12 the bond market
- 최초 등록일
- 2013.09.04
- 최종 저작일
- 2013.06
- 1페이지/ MS 워드
- 가격 1,000원
목차
1. Summary
2. Questions
본문내용
Summary
Firm managers are hired by stockholders to protect and increase their wealth. Bondholders must rely on a contract, called an indenture to protect their interests. Bond indentures contain covenants that restrict the firm from activities that increase risk and hence the chance of defaulting on the bonds. Bonds indentures also contain many provisions that make them more or less attractive to investors, such as a call option, convertibility, or a sinking fund.
Calculate the Bond Yield
참고 자료
Financial Markets and Institutions(7th Edition)