Over the past 20 years, the transaction costs associated with issuing and repurchasing debt and equity securities
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Over the past 20 years, the transaction costs associated with issuing and repurchasing debt and equity securities have declined. What effect do you think this change has had on capital structure choices?
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Financial Markets And Corporate Strategy
ISBN: 9780077119027
1st Edition
Authors: David Hillier, Mark Grinblatt, Sheridan Titman
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