4 It has been said that expected bankruptcy costs can help explain the use of equity versus...

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4 It has been said that expected bankruptcy costs can help explain the use of equity versus debt in corporate financial structure, even when interest but not dividends are taxdeductible.

Can bankruptcy costs also explain hedging practices that on average reduce expected earnings?

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International Finance

ISBN: 9780070374812

4th Edition

Authors: Maurice D. Levi

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