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Why should he reward bondholders of his target companies? (alephblog.com)
Here's just one example from a major Canadian bank that predicted: «Equity markets should have another good year,» while «we expect 2011 will be increasingly challenging for bondholders in the developed world.» (moneysense.ca)
Pay - in - kind bonds (which allow issuers the option of paying bondholders interest in additional securities or cash) are excluded. (proshares.com)