Question
If managers in a corporation continue to take on risky projects and they turn out to be successful, which of the following statements are correct:
If managers in a corporation continue to take on risky projects and they turn out to be successful, which of the following statements are correct:
(i) Most of the earnings will go to the shareholders
(ii) Most of the earnings will go to the managers and shareholders
(iii) The cost of issuing bonds will go up in the future
(iv) The value of bonds will increase over time
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International Financial Markets And The Firm
Authors: Piet Sercu, Raman Uppal
1st Edition
1861523548, 978-1861523549
