a. What are some possible reasons the price of a stock drops on the announcement of a
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a. What are some possible reasons the price of a stock drops on the announcement of a new equity issue?
b. Explain why we might expect a firm with a positive NPV investment to finance it with debt instead of equity.
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Related Book For 
Essentials Of Corporate Finance
ISBN: 9781265414962
11th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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