What is PIK?
Can anyone explain PIK in simple terms? I've seen this in the interview guides for IB but am having trouble understanding it. Thank you in advance.
Can anyone explain PIK in simple terms? I've seen this in the interview guides for IB but am having trouble understanding it. Thank you in advance.
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payment in kind! are u talking about a (PIK) bond? it is a type of bond that pays interest in additional bonds rather than in cash during the initial period.
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