Distressed Debt Hedge Funds: How to Become a Vulture Capitalist
Brian DeChesare
SEPTEMBER 13, 2023
The company still pays interest on the full $1000 and must repay it upon maturity, but you can buy the issuance at a steep discount because there’s a significant chance of default (see: book value vs. market value vs. face value ). A sharply declining stock price does not necessarily mean a company is “distressed.”
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