What reasons can you cite for a firm's use of intermediate-term debt? Why isn't (a) Long-term debt

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What reasons can you cite for a firm's use of intermediate-term debt? Why isn't
(a) Long-term debt substituted in its place?
(b) Short-term debt substituted in its place?

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Fundamentals Of Financial Management

ISBN: 9780273713630

13th Revised Edition

Authors: James Van Horne, John Wachowicz

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Question Posted: Dec 07, 2015 05:53 AM

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What reasons can you cite for a firm's use of intermediate-term debt? Why isn't (a) Long-term debt

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The demand for intermediateterm loans arises from the needs of many firms to fi...View the full answer

Fundamentals Of Financial Management

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