4. Increase leverage to signal managers confidence in the firms ability to meet its debt obligations. Investors
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4. Increase leverage to signal managers’ confidence in the firm’s ability to meet its debt obligations. Investors understand that bankruptcy is costly for managers.
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292018409
3rd Global Edition
Authors: Berk, Peter DeMarzo, Jarrad Harford
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