It is sometimes suggested that since retained earnings provide the bulk of industrys capital needs, the securities

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It is sometimes suggested that since retained earnings provide the bulk of industry’s capital needs, the securities markets are largely redundant. Do you agree?

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Principles of Corporate Finance

ISBN: 978-0072869460

7th edition

Authors: Richard A. Brealey, Stewart C. Myers

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Question Posted: Jun 08, 2011 06:52 AM

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It is sometimes suggested that since retained earnings provide the bulk of industrys capital needs, the securities

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Principles of Corporate Finance

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