Why might a bond be issued at a price other than its face value? Answer this conceptually, not in terms of numbers.
Why might a company wish to reduce its bond liabilities before the bonds reach maturity?
Based on the NWA 2004 Financial Statements, consider the nature and reasoning behind the debt refinancing that occurred in 2004. Explain the likely reasoning from the perspective of both a) the company and b) the creditor(s).
What is off-balance-sheet financing and why might a company use it? What are some ways companies engage in off-balance-sheet financing?