Unformatted text preview: future investment. Most bonds, however, pay dividends at some point or another. A bond’s price refers to the going price for the transfer of the ownership of a bond from a seller to a buyer. The buyer, after paying the price, possesses ownership and is entitled to the dividends paid out by the company, while also being able to resell the bond itself....
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This note was uploaded on 06/26/2008 for the course ECON S-10ab taught by Professor Medoff during the Summer '07 term at Harvard.
- Summer '07