Question
Explain in detail why issuing convertible bonds, compared to ordinary shares, reduces the required rate of return by venture capitalist and private equity investors? (3
Explain in detail why issuing convertible bonds, compared to ordinary shares, reduces the required rate of return by venture capitalist and private equity investors? (3 marks for at least two well explained reasons including the effects on beta, and risk perceptions of investors)
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Sport Finance
Authors: Gil Fried, Steven Shapiro, Timothy D. Deschriver
2nd Edition
0736067701, 978-0736067706
