Reasons for Issuing Warrants and Convertibles Why do firms issue convertibles? What impact do convertibles have on
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Reasons for Issuing Warrants and Convertibles Why do firms issue convertibles? What impact do convertibles have on firms with target debt to equity ratios? Discuss convertible bonds in the context of the trade-off, pecking order and market timing theories of capital structure.
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Reasons for Issuing Convertibles Flexibility in Capital Structure Convertible bonds provide firms with flexibility in their capital structure They allow companies to raise capital through a debt instr...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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