Class Notes (835,600)
Canada (509,275)
MGTA02H3 (143)
Lecture

Chapter 11-12 Bonds and Stocks

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Department
Management (MGT)
Course
MGTA02H3
Professor
Chris Bovaird
Semester
Winter

Description
MGTA04April 2nd 2012Chapter 1112Stocks And BondsDebtliability is a debtdebt must be repaiddebts means paying interestBondsbonds are IOUsLender buys the bond borrower promises to pay interestBonds Not SecuredBonds not normally securedInvestor buyer relies on general credit worthiness of issuer sellerSo bonds usually sold by large borrowers govts utili
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