Why does asymmetric information push companies to raise external funds by borrowing rather than by issuing common

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Why does asymmetric information push companies to raise external funds by borrowing rather than by issuing common stock?

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Principles of Corporate Finance

ISBN: 978-0077404895

10th Edition

Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen

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Question Posted: Dec 31, 2012 09:44 AM

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Why does asymmetric information push companies to raise external funds by borrowing rather than by issuing common

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Principles of Corporate Finance

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