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New Jersey-based Johnson & Johnson is one of only two U.S. firms with debt rated as Aaa by Moodys Investor Services and AAA by the
New Jersey-based Johnson & Johnson is one of only two U.S. firms with debt rated as Aaa by Moodys Investor Services and AAA by the Standard & Poors Corporation, the highest global credit rating. Given the firms cash-debt ratio, its cash per share ratio, and its rising cash flows, would you advise the firm to raise additional capital by issuing more debt? Why or why not, given the current upward slope of the U.S. Treasury yield curve?
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