Interest Rates [2] Consider the following statement. Long term interest rates are at record highs. Most companies
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Interest Rates [2]
Consider the following statement.
Long term interest rates are at record highs. Most companies therefore find it cheaper to finance with common stock or relatively inexpensive short-term bank loans.
What does the Efficient Market Hypothesis have to say about the correctness of this?
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Related Book For
Lectures On Corporate Finance
ISBN: B00RGENH5I
1st Edition
Authors: Peter L Bossaerts ,Bernt Arne Odegaard
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