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lambchop03 lambchop03
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4 years ago
Which of the following statements concerning the use of sinking funds to repurchase a bond issue is NOT true?

▸ The firm makes regular payments into a sinking fund administered by a trustee over the life of the bond.

▸ Bonds can be issued with a sinking fund provision or a call provision, but not both.

▸ The firm can reduce the amount of outstanding debt without affecting the cash flows of the remaining bonds.

▸ Payments from the sinking fund are used to repurchase bonds.
Textbook 
Fundamentals of Corporate Finance

Fundamentals of Corporate Finance


Edition: 2nd
Authors:
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zachcarytcriszachcarytcris
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4 years ago
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lambchop03 Author
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4 years ago
Thank you, thank you, thank you!
shelbycox
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Yesterday
Smart ... Thanks!
sudenzia
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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