All else equal, the use of long-maturity debt is expected to be greater in those markets in

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All else equal, the use of long-maturity debt is expected to be greater in those markets in which:

A. inflation is low.

B. capital markets are passive and illiquid.

C. the legal system’s protection of bondholders’ interests is weak.

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Corporate Finance A Practical Approach

ISBN: 9781118217290

2nd Edition

Authors: Michelle R Clayman, Martin S Fridson, George H Troughton, Matthew Scanlan

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