4 ms·
if they weren't different then why would the bond need to be converted from one to the other?
by chordalkeyboard 4y ago
if they weren't different then why would the bond need to be converted from one to the other?
- ghaff 4y agoI wrote they weren't as different as you might think in terms of who has claims on the company etc. At the practical level there are obviously differences between different classes of stock, callable vs. not callable bonds, convertible bonds etc. I'm just saying that equity vs. debt is not binary.