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Why do you think most firms issue debt instead of only issuing equity? Why do you think firms focus on their capital structure? Why do

Why do you think most firms issue debt instead of only issuing equity? Why do you think firms focus on their capital structure? Why do you think a highly profitable firm like Apple (AAPL), with over $65 BILLION of "Cash and Marketable Securities" on its Balance Sheet, would issue debt?

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