 | Edwin Robert Anderson Seligman - Economics - 1905 - 822 pages
...because the stock may have been watered to such an extent that its actual value is only a fraction of the par value. Is it the market value of the securities?...and of the same security would normally sell around 150. But if the four per cent security is a long-time bond, and the six per cent a short-time bond,... | |
 | Edwin Robert Anderson Seligman - Taxation - 1913 - 740 pages
...residence, but to the state where the corporate property is situated. Secondly, the market value of bonds depends not only on the rate of interest but also on the life of the security. Two companies may have raised exactly the same amount from the sale of 6% bonds,... | |
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Kragh [39] and Mr. Ralph Turvey [40], to mention them in alphabetical order, have pointed out that " the amount of money which people desire to hold as a store of wealth depends not only on the rate of interest but also on the total amount of wealth available."... 