Question
As a firm uses excessive amounts of debt financing, 1. its debt ratio increases 2. the value of its stock declines 3. its cost of
As a firm uses excessive amounts of debt financing, 1. its debt ratio increases 2. the value of its stock declines 3. its cost of capital increses a) 1 and 2 b) 1 and 3 c) 2 and 3 d) 1,2, and 3
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
