90.2K
Verified Solution
Link Copied!
As a bond's rating serves as an indicator of its default risk, the rating has a direct, measurable influence on the firm's:
A. earnings per share and dividend payments.
B. cost of using such debt and the bond's interest rate.
C. current assets and the bond's maturity value.
D. tax liability to the federal government.
E. ability to procure raw material for production.
Answer & Explanation
Solved by verified expert