Corporation Finance
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In our eReader you can find the full English version of the book. Read Corporation Finance Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Corporation Finance
What reading level is Corporation Finance book?
To quickly assess the difficulty of the text, read a short excerpt:
Here again we find the precaution taken that the com- pany should have available first mortgage bonds, in the pro- * The italics are the author's.
Digitized by VjOOQIC 318 CORPOBATION FINANCE vision that $50,000,000 are to be reserved for subsequent issue. Great care is taken in drawing refunding mortgages to provide that the maturing bonds should be retired, either by payment or conversion, as fast as they mature, so that the priority of the lien of the refunding mortgage shall be ex- tended a...s rapidly as possible.
Bonds are not often issued under second and third mort- gages except in reorganizations. So strong is the prejudice against them, that even here they have fallen into disuse.
There are exceptions to this rule, but, generally speaking, second mortgage bonds cannot be sold to advantage.
CORPORATE INDORSEMENTS AND GUARANTEES When first mortgage bonds cannot be sold, resort may be had to several methods of securing the obligations with which the desired capital is to be obtained.
What to read after Corporation Finance?
You can find similar books in the "Read Also" column, or choose other free books by Edward Sherwood Mead to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Here again we find the precaution taken that the com- pany should have available first mortgage bonds, in the pro- * The italics are the author's.
Digitized by VjOOQIC 318 CORPOBATION FINANCE vision that $50,000,000 are to be reserved for subsequent issue. Great care is taken in drawing refunding mortgages to provide that the maturing bonds should be retired, either by payment or conversion, as fast as they mature, so that the priority of the lien of the refunding mortgage shall be ex- tended a...s rapidly as possible.
Bonds are not often issued under second and third mort- gages except in reorganizations. So strong is the prejudice against them, that even here they have fallen into disuse.
There are exceptions to this rule, but, generally speaking, second mortgage bonds cannot be sold to advantage.
CORPORATE INDORSEMENTS AND GUARANTEES When first mortgage bonds cannot be sold, resort may be had to several methods of securing the obligations with which the desired capital is to be obtained.
What to read after Corporation Finance?
You can find similar books in the "Read Also" column, or choose other free books by Edward Sherwood Mead to read onlineMoreLess
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