Personal Finance & Money Asked by Ashish Burnwal on January 9, 2021
I was reading a bond description from "Security analysis" and found this excerpt "Cudahy
Packing Company First Mortgage 5s, due 1946." Can some one explain me please the meaning of this sentence. I understand "Cudahy Packing Company" is the name of the company and they have issued a 1st Mortgage bond, what I didn’t understand is last words i.e. "5s, due 1946".
EDIT 1: Updated question as per suggestion.
Let's take an example — "XYZ Widget Corporation 5s, due 2030":
Correct answer by Flux on January 9, 2021
Get help from others!
Recent Answers
Recent Questions
© 2024 TransWikia.com. All rights reserved. Sites we Love: PCI Database, UKBizDB, Menu Kuliner, Sharing RPP