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Debt amount ($ million) Present value of expected distress and agency costs (5 million) 0 10 10 20 20 30 40 50 0.0 -0.72
Debt amount ($ million) Present value of expected distress and agency costs (5 million) 0 10 10 20 20 30 40 50 0.0 -0.72 -2.32 - 4.23 - 8.49 - 11.45
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Public Finance
Authors: Harvey Rosen, Ted Gayer
10th edition
9781259716874, 78021685, 1259716872, 978-0078021688
