Question
The Fastrack Transportation Company has financed a large part of its facilities with long-term debt. There is a significant risk of default, but the company
The Fastrack Transportation Company has financed a large part of its facilities with long-term debt. There is a significant risk of default, but the company is not on the ropes yet. Explain why shareholders could gain by investing in a negative-NPV project financed by cash on the current book of the company.
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
