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The total direct costs of a debt issue, when expressed as a percentage of gross proceeds, tends to do which of the following? Why? increase
The total direct costs of a debt issue, when expressed as a percentage of gross proceeds, tends to do which of the following? Why?
increase as the quality of the debt increases. | |
decrease as the size of the issue decreases. | |
decrease when the bonds are convertible rather than straight. | |
decrease as the proceeds of the bond issue increase. | |
be relatively the same regardless of the type or quality of the debt issue. |
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