What If Investors Who Held Their Shares Longer Got More Voting Power?
Harvard Business Review
APRIL 27, 2017
One capital form is debt: a bond. Bonds give the debtor certainty over its ability to use the capital for a fixed period of time (unless there is a call provision written into them). However, unlike a bond, common equity is not long-term/forever on predetermined, immutable terms. The Refresher: Net Present Value.
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