25. Market timing (S17-5) Suppose financial managers can use inside information to time equity issues when stock

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25. Market timing (S17-5) Suppose financial managers can use inside information to time equity issues when stock price is unrealistically high. How would capital structure evolve?

Explain briefly.

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Principles Of Corporate Finance

ISBN: 9781264080946

14th Edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans

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