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    Corporate Financing: Innovation

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    Describe any major corporate financing innovation that occurred between 1990 and 1997. What effect did the innovation have on corporate financing?

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    https://brainmass.com/business/innovation-strategies/corporate-financing-innovation-506971

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    One innovation in corporate finance that occurred between 1990 and 1997 was the floating of securities by Davie Bowie who raised $55 million in 1997. These securities were backed by expected royalties from future sales of his first 25 albums. The coupon rate was 7.9%, with 15 year maturity. The purchaser was Prudential Insurance Co, the bonds were guaranteed by EMI Group, and the ...

    Solution Summary

    Corporate Financing is explained in a structured manner in this response. The answer includes references used. The explanation is given in 206 words.

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