On the Fritz

Martin fridson

pg4-fridson80x80-gif

In Corporate Finance 101 we learned that firms raise long-term capital to finance long-lived assets. Therefore, as long as corporations continue to build factories and buy machinery, investors can count on a supply of corporate bonds for their portfolios. Because the suppliers of capital and the providers of capital depend on each other, they come to the negotiating table with roughly equivalent power as they proceed to hammer out terms.

Recent experience in the high-yield bond market has

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here