Question
For firms with relatively high levels of debt in perfect capital markets (no taxes, no costs of financial distress), the cost of capital is closer
For firms with relatively high levels of debt in perfect capital markets (no taxes, no costs of financial distress), the cost of capital is closer to the cost of debt capital than to the cost of equity capital.
t/f?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
