FUNDAMENTALS OF CORP.FIN.(LL)-W/CONNECT
FUNDAMENTALS OF CORP.FIN.(LL)-W/CONNECT
10th Edition
ISBN: 9781260848670
Author: BREALEY
Publisher: MCG
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Chapter 7, Problem 50QP

Implications of Efficient Markets. “Long-term interest rates are at record highs. Most companies, therefore, find it cheaper to finance with common stock or relatively inexpensive short-term bank loans.” Discuss.

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