The closer to maturity, the less sensitive a bond is to interest rate risk. Callable debt is debt that may be paid off early. Most corporate bonds in the US pay interest annually. The YTM for a bond selling at a discount is greater than the bond s coupon rate. To most individuals, corporate bonds have several tax disadvantages over common stock.
Debt lowers a firm s risk of financial distress.
Jr. Bonds holders get paid before Sr. Build yor resume and see your work in print.