Free Version

Dashboard
Review Topics
Quizzes
Practice Exams
Flashcards
Vocabulary
I'm a big believer in visualizing success. I was a late bloomer, but Mom always told me to picture myself as the largest land mammal in North America. Now who's the size of a small pickup truck? This buffalo.

Bond Priority

Mark thinks about the proposed $20 billion of vanilla debt and the 8% rent money for the borrow. That’s $1.6 billion a year in interest costs alone, without even giving thought to paying down the loan. That’s more in interest cost than they have revenues. 

Even the silly notion of taking on this much debt makes him nervous and he is musing re how to find a way to pay less in interest. He asks, “Is there a way we could get that number down to maybe 4%?” At 4% interest, he’d be on the hook f...

Looking for more? Why is this annoying box in the way? It's because you haven't paid for the course yet!

$65.65
Next: Closed vs. Open Ended Terms
Prev: Bond Yields

*Securities is a registered trademark of the College Board, which was not involved in the production of, and does not endorse this product.