Why is it possible for the effective cost of long-term debt to exceed the cost of short-term

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Why is it possible for the effective cost of long-term debt to exceed the cost of short-term debt, even when short-term interest rates are higher than long-term rates?

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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 04:13 AM

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Why is it possible for the effective cost of long-term debt to exceed the cost of short-term

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Contemporary Financial Management

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