Dashboard
Review Topics
Drills
Practice Exams
Flashcards
Vocabulary
When taking your exam, don't think about the song "Camptown Races." (We said, DON'T think about the song. Or going to the bathroom.)

Bonds and Bondage Part 1: Basics

Dashboard > Chapter 4: Raising Debt - Securities > Bonds and Bondage Part 1: Basics

Bonds and Bondage Part 1: Basics

Bondage, Goin' Biblical

To the bankers' delight, The Sauce Company is likely going to be a consumer of capital for a very long time, as it believes it can "roll up" through a long series of purchases an otherwise disparate industry ripe for a nimble player with a hot product. The broader rationale as Wu presents things is that if these many small companies had access to "scale" or volume purchase discounts from suppliers, they could get, say, onions for 20% less; similarly, if they aggregated...

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

$14.99
Next: Bonds Part Deux – Should Sauce Borrow with Bonds?  
  Prev: Taking Stock of the Situation with Preferred Stock