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Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 17

Chia sẻ: Trinh Van Hoang | Ngày: | Loại File: PDF | Số trang:24

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Brealey−Meyers: Principles of Corporate Finance, 7th Edition - Chapter 17

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CHAPTER SEVENTEEN DOES DEBT POLICY MATTER? When the firm is financed entirely by common stock, all those cash flows belong to the stockholders. When it issues both debt and equity securities, it undertakes to split up the cash flows into two streams, a relatively safe stream that goes to the debtholders

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