Why are equity holders more likely than debt holders to want firms to engage in risky investments?

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Public Finance and Public Policy

ISBN: 978-1429278454

4th edition

Authors: Jonathan Gruber

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Question Posted: Apr 25, 2015 07:46 AM

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Why are equity holders more likely than debt holders to want firms to engage in risky investments?

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Risky investments increase the potential profits of a firm but also increase ...View the full answer

Public Finance and Public Policy

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