You are employed as a finance consultant to a company which has undergone severe financial distress over
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You are employed as a finance consultant to a company which has undergone severe financial distress over the last number of years. Lacking in internal financing resources, the company tells you that it must go to the market to obtain funds, and has suggested issuing a convertible bond with a warrant attached to it. What are your thoughts on this?
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Corporate Finance
ISBN: 9780077173630
3rd Edition
Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe
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