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14. Explain how the following factors would influence the use of debt by a company: A 'perfect' world with no taxes, no transactions costs, symmetric
14. Explain how the following factors would influence the use of debt by a company:
- A 'perfect' world with no taxes, no transactions costs, symmetric information and no agency problems.
- Taxes
- High free cash flow, few investment opportunities
- Low free cash flow, high investment opportunities
- Agency problems
- Asymmetric information
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Urban Infrastructure Finance And Management
Authors: K. Wellman, Marcus Spiller
1st Edition
0470672188, 978-0470672181
