Implied Fixed Costs of Long-Term Debt Issues

In this paper, a model is developed for deriving the implied fixed cost of a bond flotation. Using a sample of electric utility companies over the 1961–1970 period, implied fixed costs are computed for 318 bond issues. These fixed costs then are evaluated in an effort to cast light on whether compan...

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Bibliographische Detailangaben

Veröffentlicht in:	Journal of financial and quantitative analysis 1973-12, Vol.8 (5), p.821-833
1. Verfasser:	Van Horne, James C.
Format:	Artikel
Sprache:	eng
Schlagworte:	Bond issues Business structures Carrying costs Debt Electric utilities Fixed costs Government services Interest rates Long term debt Variable costs
Online-Zugang:	Volltext
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