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Essay

enron

Essay specific features

 

Issue:

Book Reports

 

Written by:

Amanda G

 

Date added:

May 14, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

19 / 5069

 

Was viewed:

8533 times

 

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Essay content:

In turn its credit-worthiness depended on its performance as reflected in the Enron's share prices. When the price of Enron's shares collapsed, so did its' credit rating. Consequently cash credit to the company became either prohibitively expensive or outright unavailable. Without ready infusions of cash, Enron became unable to meet its earlier credit obligations...
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Without ready infusions of cash, Enron became unable to meet its earlier credit obligations. This depressed Enron's stock even deeper, which in turn let to the further decline in already low share prices. Being unable to pay its' creditors, with no forthcoming offers of merger from its competitors, and with no foreseeable rescue attempt by the government, Enron was forced into bankruptcy...
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