Perpetual Bond
topic on 1 show · 1 statements across 1 episodes
1 statements about Perpetual Bond, every show
Inker: Equities are longer duration than perpetual bonds due to cash flow growth
“Equities are in principle an exceptionally long duration asset. Relative to bonds, they are both a perpetuity, so there is no maturity date, and that makes them long duration. But also, they're even longer duration than a perpetual bond because their cash flow…”