What Are Aphanitic and Phaneritic Textures, and What Do They

question 68

Essay

What are aphanitic and phaneritic textures, and what do they say about the way the rock formed?

Understand the components and structure of installment notes.

Comprehend the features and implications of callable and convertible bonds.

Know how to compute the carrying value of a bond and understand the impact of amortized discount or premium.

Recognize the implications of bond financing versus equity financing on company cash flows and return on equity.