Which of the following are characteristics of public issues, and which are characteristics of direct financing? a.
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Which of the following are characteristics of public issues, and which are characteristics of direct financing?
a. OSC registration.
b. Higher interest cost.
c. Higher fixed cost.
d. Quicker access to funds.
e. Active secondary market.
f. Easy renegotiation.
g. Lower flotation costs.
h. Regular amortization.
i. Ease of repurchase at favorable prices.
j. High total cost to small borrowers.
k. Flexible terms.
l. Less intensive investigation.
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Related Book For
Corporate Finance
ISBN: 978-0071339575
7th Canadian Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Ro
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