Occasionally it is said that issuing convertible bonds is better than issuing stock when the firms shares are undervalued. Suppose that the financial manager of Decent Furniture Company does in fact have inside information indicating that the decent stock price is too low. Decent furniture earnings will in fact be higher than investor’s expectations. Suppose further that the inside information cannot be released without giving away a valuable competitive secret. Clearly, selling shares at the present low price would harm Decent’s existing shareholders. Will they also lose if convertible bonds are issued? If they do lose in this case, is the loss more or less than it would be if common stock is issued? Now suppose that investors forecast earnings accurately, but still under value the stock because they overestimate Decent’s actual business risk. Does this change your answer to the questions posed in the preceding paragraph? Explain.
2701why we take 4 to 20 mA as out put of every instrument like pressure transmittre ?why we cant take 0 to 20mA as output?
6 10801How can I remove/decrease TDS from sewage waste water? At the moment it is 900gm/l. What is recommended TDS level to dispose sewage water in sea?
2 5943Post New OGDCL Interview Questions
What is a HTML helper?
Is javascript a programming language?
Fresh form of water is obtained from?
If you are given access to a sql server, how do you find if the sql instance is a named instance or a default instance? : sql server DBA
What are the types of processor in jmeter?
What is *ngfor directive used for?
What is meant by structural programming?
Explain validations in laravel?
How do I fix a corrupted file?
How can apache act a proxy server?
How can I install laravel in windows?
How many add-ins comes by default with qtp?
What is generic in c#?
What is the purpose of cost accounting?
Will a script be activated without page format ?