Debt or equity? Does it matter? Not in a world of perfect financial markets. But in the
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• Debt or equity? Does it matter? Not in a world of perfect financial markets. But in the real world, the choice between debt and equity does matter for many possible reasons, including taxes, the risks of bankruptcy, information differences, and incentives (Chapters 16 and 17). How the choice affects investment decisions is considered in Chapter 18.
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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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