Assistant Treasurer Penny was considering various capital markets issues to finance the modernization of the store. This case provides the financing terms available to Penney for internal current and zero coupon debt. Eurodollar debt, and non-dollar and the yen on SFr hedge and changed back to the dollar liabilities. In addition, Penny considering using interest rate futures, options and options on futures to hedge the forthcoming issue of debentures. "Hide
by Scott P. Mason, William Allen Source: Harvard Business School 21 pages. Publication Date: April 17, 1986. Prod. #: 286118-PDF-ENG
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