The Triviality of Capital Ownership

[Enrique Diaz-Alvarez]

K. Bevans wrote:
> 
>                 C. Leung,
> 
>         Bondholders actually lend working capital where stockholders,
> other than at new issues, do not.  

Say what? Bond holders only lend working capital to the firm if they buy
the bonds directly from it; in most instances, they are just buying them
from somebody else. In this sense, they are not different from
stockholders, no?


>         peace

-- 
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