b. Track Johnson & Johnsons long-term debt and debt ratio over the last five years (you will

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b. Track Johnson & Johnson’s long-term debt and debt ratio over the last five years (you will need to go to the company’s website to do this). How have they changed? Does it appear that the company has a stable target debt ratio? Do you see any evidence of pecking-

order financing?

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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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