第二十章长期负债
20.1 Long Term Debt: A Review
Corporate debt can be short-term (maturity less than one year) or long-term.Different from common stock:Creditor’s claim on corporation is specifiedPromised cash flowsMost are callableOver half of outstanding bonds are owned by life insurance companies & pension fundsPlain vanilla bonds to “kitchen sink” bonds
Features of a Typical Bond
The indenture usually listsAmount of Issue, Date of Issue, MaturityDenomination (Par value)Annual Coupon, Dates of Coupon  ...