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msidhu msidhu
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8 months ago
Sinking funds are devices that facilitate the orderly retirement of a bond issue.Usually, though, the sinking fund is used to buy back a certain percentage of the issue each year. A failure to meet the sinking fund requirement causes the bond to be thrown into default, which may force the company into bankruptcy. 


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Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
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dressagegal1dressagegal1
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msidhu Author
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8 months ago
Just got PERFECT on my quiz
cipcal
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Yesterday
Helped a lot
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this is exactly what I needed
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