In the aftermath of the global financial crisis in the late 2000s, many companies sought to bring
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In the aftermath of the global financial crisis in the late 2000s, many companies sought to bring their leverage ratios down to much lower levels. In 2012, Lloyds Banking Group began to repurchase their own debt. If debt brings tax benefits and gearing is not abnormally high, why would this be a sensible strategy?
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Lloyds Banking Groups decision to repurchase its own debt in the aftermath of the global financial crisis despite the potential tax benefits associate...View the full answer
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Related Book For 
Corporate Finance
ISBN: 9780077173630
3rd Edition
Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe
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