2. Suppose the owner of a corporation needs $1 million to finance a new investment. If his...

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2. Suppose the owner of a corporation needs

$1 million to finance a new investment. If his total wealth is $1.2 million, would it be better to use his own funds for the investment or to issue stock in the corporation? What if the owner’s wealth is $1 billion? LOP8

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Macroeconomics And The Financial System

ISBN: 9781429253673

1st Edition

Authors: N. Gregory Mankiw, Laurence Ball

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