a. As a senior bondholder, would you like the company to issue more junior debt to finance

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a. As a senior bondholder, would you like the company to issue more junior debt to finance its investment program, would you prefer it not to do so, or would you not care?
b. You hold debt secured on the company’s existing property. Would you like the company to issue more unsecured debt to finance its investments, would you prefer it not to do so, or would you not care?

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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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