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If irrational investors exuberance leads to an overvalued share price in the eyes of management and shareholders do not push for new unplanned investments, what
If irrational investors exuberance leads to an overvalued share price in the eyes of management and shareholders do not push for new unplanned investments, what would be the best way for management to act with regard to raising funds? Choose the best option from managements perspective. a. Raise equity finance while the share price is high. b. Wait for the share price to fall to raise funds. c. Issue bonds and use the proceeds for a share buy-back. d. Initiate a share buy-back.
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