For Republic Services, Inc. company, inference on agency cost of debt can be made from recent debt offerings of the firm. If creditors are concerned about agency costs, then they will demand stricter credit terms. You can search for the company filings at www.sec.gov. Use "Filings" and "Company Filing Search" to find the company. Once the company is identified, you will see recent filings. "View filings" will allow you to enter text search in recent filings, so use the term "credit agreement" to locate recent filings where the term is used. Make sure to look for any changes in credit terms.

How would you explain the firm's capital structure (financing policy) changes during the time period data is available using all the relevant factors/theories? Please make sure to relate specific observations (data points) from above sources to capital structure theories.

	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022
Total shares Out. On Balance sheet Data	322.5	318.8	318.8	317.2	316.1
Stock price on Balance Sheet Data	72.09	89.63	96.3	137.28	128.99
Market capitalization	23,249.03	28,574.044	30,700.440	43,545.216	40,773.739
Total Debt	8,337.5	8,990.4	9,277.3	9,882.3	12,181.1
D/E	0.359	0.315	0.302	0.227	0.299
D/V	0.264	0.239	0.232	0.185	0.230

Answer rating: 100% (QA)

Based on the data provided it is evident that Republic Services Inc has experienced changes in its c... View the full answer