金融学原理(英文)第二单元课后答案.pdfVIP

CHAPTER 2 ANSWERS 2-1 a. 0 Bonds and term loans are equivalent debt instruments and should have about the same interest rate. b. + Debentures are riskier than mortgage bonds and, hence, would require a higher interest rate. c. - This would allow bondholders to reap the benefits of a stock price increase, so the