All else equal, the use of long-maturity debt is expected to be greater in those markets in
Question:
All else equal, the use of long-maturity debt is expected to be greater in those markets in which:
A. inflation is low.
B. capital markets are passive and illiquid.
C. the legal system’s protection of bondholders’ interests is weak.
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Related Book For
Corporate Finance A Practical Approach
ISBN: 9781118217290
2nd Edition
Authors: Michelle R Clayman, Martin S Fridson, George H Troughton, Matthew Scanlan
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