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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Related Book For
Principles Of Corporate Finance
ISBN: 9781264080946
14th Edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans
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