Suppose that short-term borrowing actually becomes more expensive than long-term borrowing. How would this affect the firm's

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Suppose that short-term borrowing actually becomes more expensive than long-term borrowing. How would this affect the firm's choice between a flexible financing policy and a restrictive policy?
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Macroeconomics

ISBN: 9780132109994

1st Edition

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

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