Large amount of cash holdings


Microsoft issued bonds for the first time in 2009. Collect information on its bonds: What are the coupon rates, are there are any special provisions such as callability or convertibility, what is the maturity, and what are the yields? Discuss why Microsoft issued these bonds despite a large amount of cash holdings. Apple has not issued any bonds to date. Can you compare this with Microsoft and discuss why?

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Finance Basics: Large amount of cash holdings
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