(166) From the standpoint of the borrower, is long-term or short-term credit riskier? Explain. Would it ever...

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(16–6) From the standpoint of the borrower, is long-term or short-term credit riskier? Explain.

Would it ever make sense to borrow on a short-term basis if short-term rates were above long-term rates?

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Financial Management Theory And Practice

ISBN: 9781439078105

13th Edition

Authors: Eugene F. Brigham, Michael C. Ehrhardt

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