How does an installment note differ from a bond


Fleeson Company needs additional funds to purchase equipment for a new production facility and is considering either issuing bonds payable or borrowing the money from a local bank in the form of an installment note. How does an installment note differ from a bond payable? What are some things that Fleeson should consider when deciding whether to finance the equipment purchase with bonds or an installment note? Please discuss in a long paragrah.

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Financial Management: How does an installment note differ from a bond
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