Sinking fund in the retirement of an outstanding bond issue
What is the function of sinking fund in the retirement of an outstanding bond issue?
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A sinking fund is comes in the picture when a company puts payments which are then used to buy back outstanding bonds.
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Suppose today's settlement price on a CME DM futures contract is $0.6080/DM. You have a short position in one contract. Your margin account presently has a balance of $1,700. The next three days' settlement prices are $0.6066, $0.6073, & $0.5989. Compu
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