Source: bondsonline.com

12 These default spreads were estimated from bondsonline.com, a service that provides, among other data on fixed income securities, updated default spreads for each ratings class.

Since Disney's capacity to borrow is determined by its earnings power, we will looking at the company's income statements in 2002 and 2003 in table 8.5. Disney had operating income of $2.713 billion and net income of $1,267 billion.

Table 8.5: Disney's Income Statementfor2002 & 2003
Lessons From The Intelligent Investor

Lessons From The Intelligent Investor

If you're like a lot of people watching the recession unfold, you have likely started to look at your finances under a microscope. Perhaps you have started saving the annual savings rate by people has started to recover a bit.

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