Question
The cost of retained earnings is less than the cost of new outside equity capital. Consequently, it is totally irrational for a firm to sell
The cost of retained earnings is less than the cost of new outside equity capital. Consequently, it is totally irrational for a firm to sell a new issue of stock and to pay dividends during the same year. Discuss the meaning of those statements
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Personal Finance
Authors: Jeff Madura
5th edition
132994348, 978-0132994347
