Penney assistant treasurer was to save questions considering various capital markets to finance modernization. This event, the financing terms available Penney for domestic, power, and zero coupon bonds. Euro dollar and yen debt and nondollar £ hedged questions and swapped back to dollar liabilities. Penney is also considering using interest rate futures, options and options on futures to hedge an impending debt problem.

Penney assistant treasurer was to save questions considering various capital markets to finance modernization. This event, the financing terms available Penney for domestic, power, and zero coupon bonds. Euro dollar and yen debt and nondollar £ hedged questions and swapped back to dollar liabilities. Penney is also considering using interest rate futures, options and options on futures to hedge an impending debt problem.
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from
Scott P. Mason,
William B. Allen
Source: Harvard Business School
21 pages.
Publication Date: Apr 17, 1986. Prod #: 286118-PDF-ENG
J.C. Penney (B) HBR case solution