How does shortening the maturity composition of outstanding debt increase the firm's risk? Why does increasing the

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How does shortening the maturity composition of outstanding debt increase the firm's risk? Why does increasing the liquidity of the firm's assets reduce the risk?
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...
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Fundamentals Of Financial Management

ISBN: 9780273713630

13th Revised Edition

Authors: James Van Horne, John Wachowicz

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