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Buffalo can run up to 55 kilometers per hour. That's almost 35 mph, for our non-metric friends.

Bond Primer The Second

Bond Primer The Second

Convertible Bonds

Wu thinks about the $40 million in interest he'll be on the hook to pay for the $500 million in 8% coupon bonds that he wants to float to fund his acquisitions, let alone pay off the $500 million itself. It makes him nervous and he is hoping 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 for just $20 million a year, a number much easier to digest.

Willy nods, "There's always a...

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