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When bonds are due, how do we pay them off? |
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Bonds are converted to short term debt automatically. They are due December 31. Since you make decisions on January 1, if you tell your CFO to pay a bond that is due this year, you are actually telling her to pay the bond a year early at the current market price. If you do nothing, next round the bond will appear as current debt that is due January 1.
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