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Suppose that a firm is not at its optimal capital structure in the sense that reducing debt would increase the value of the firm. This
Suppose that a firm is not at its optimal capital structure in the sense that reducing debt would increase the value of the firm. This means that currently the marginal benefits of debt are greater than the marginal costs of debt
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
