Why do public utilities typically have capital structures with about 50 percent debt, whereas major oil companies

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Why do public utilities typically have capital structures with about 50 percent debt, whereas major oil companies average about 25 percent debt in their capital structures?

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Contemporary Financial Management

ISBN: 9780324289114

10th Edition

Authors: James R Mcguigan, R Charles Moyer, William J Kretlow

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Question Posted: Jul 17, 2012 03:30 AM

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Why do public utilities typically have capital structures with about 50 percent debt, whereas major oil companies

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Public utilities typically incur more financial risk than maj...View the full answer

Contemporary Financial Management

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