26 Jun LOCATE AND ANALYZE A CURRENT QUOTATION FOR THAT BOND
Select a company with long term bonds outstanding. There are many examples in the textbook. Locate and analyze a current quotation for that bond. Use figure 10.2 in the textbook as a guide. Compare the current price with the par value. Explain at least one (1) reason for the difference.
TABLE 10.2
Common elements of Bonds
Represent borrowed funds
Contractual agreement between a borrower and lender (INDENTURE)
Senior claim on assets and cash flow
No voting right
Par value
Having a Bond rating improves the issues marketability to investors covenants
Interest: tax deductible to the issuing firm
Usually fixed over the issues life but can be variable as the indenture allows coupon rate on new issues affected by market interest rates and bond rating.
Maturity: usually fixed; can be affected by convertibility, call and put provisions, sinking fund, extendibility features in the indenture.
Security: can have senior claim on specific assets pledged in case of default or can be unsecured(debenture or subordinated [junior claim] debenture)
ORDER NOW https://.com/new-order/
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.