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?
Explain in detail why issuing convertible bonds, compared to ordinary shares, reduces the required rate of return by venture capitalist and private equity investors?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
11th Edition
0321357965, 978-0321357960
