《财务管理基础》.ppt

Chapter 20;After Studying Chapter 20, you should be able to:;Long-Term Debt, Preferred Stock, and Common Stock;;Trustee and Indenture;Types of Long-Term Debt Instruments;Types of Long-Term Debt Instruments;Types of Long-Term Debt Instruments;Types of Long-Term Debt Instruments;Types of Long-Term Debt Instruments;Types of Long-Term Debt Instruments;;Types of Long-Term Debt Instruments;;Retirement of Bonds;Sinking Fund and the Retirement of Bonds;Sinking Fund and the Retirement of Bonds;Sinking Fund and the Retirement of Bonds;Serial Bonds;Call Provision;Call Price;;Preferred Stock – A type of stock that promises a (usually) fixed dividend, but at the discretion of the board of directors. ;Cumulative Dividends Feature;Participating Feature;Voting Rights in Special Situations;Retirement of Preferred Stock;Use of Preferred Stock in Financing;;Types of Common Stock Value;Example of Value;Types of Common Stock Value;Example of Book Value (per share);Types of Common Stock Value;Types of Common Stock Value;Rights of Common Shareholders;Two methods of voting: (1) in person or (2) by proxy Proxy – A legal document giving one person(s) authority to act for another.;Proxy Contest;Voting Procedures;Voting Procedures;Voting Procedures Example;;Minimum Votes to Elect a Director – Cumulative;Dual-Class Common Stock