The American Economic Review, Volume 7,Edições 3-4American Economic Association., 1917 Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association. |
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Página 353
... securities . One of these devices is the equipment mortgage obligation - usually called equipment obligation . Broadly speaking , an equipment obligation is a loan of money based on a direct lien on a specific lot of rolling stock . But ...
... securities . One of these devices is the equipment mortgage obligation - usually called equipment obligation . Broadly speaking , an equipment obligation is a loan of money based on a direct lien on a specific lot of rolling stock . But ...
Página 354
... securities . The first recorded instance of anything like the modern form of equipment obligation was in 1845. The Schuylkill Navigation Company contracted for the purchase of barges to be partly paid for from borrowings . The ...
... securities . The first recorded instance of anything like the modern form of equipment obligation was in 1845. The Schuylkill Navigation Company contracted for the purchase of barges to be partly paid for from borrowings . The ...
Página 357
... securities . Most railroads long ago have mortgaged , to the full , their main lines , so that the only available basis of credit remaining is an in- ferior lien . The securities based on this inferior lien would natur- ally command a ...
... securities . Most railroads long ago have mortgaged , to the full , their main lines , so that the only available basis of credit remaining is an in- ferior lien . The securities based on this inferior lien would natur- ally command a ...
Página 358
... securities . This low rate of yield for equipment issues is shown empirically by comparing their average yields with that of the senior and junior issues of the same road.15 To accomplish this comparison , the average yield of all ...
... securities . This low rate of yield for equipment issues is shown empirically by comparing their average yields with that of the senior and junior issues of the same road.15 To accomplish this comparison , the average yield of all ...
Página 360
... securities Average yield of general credit securities Class A. Roads of very strong credit . Pennsylvania 4.05 4.042 4.354 Chicago & Northwestern 4.10 4.242 4.507 Norfolk & Western 4.10 4.197 4.54 Atlantic Coast Line 4.12 4.323 4.87 ...
... securities Average yield of general credit securities Class A. Roads of very strong credit . Pennsylvania 4.05 4.042 4.354 Chicago & Northwestern 4.10 4.242 4.507 Norfolk & Western 4.10 4.197 4.54 Atlantic Coast Line 4.12 4.323 4.87 ...
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