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Tom Dawes, the founder of Footwear Inc., needs to raise $500,000 to expand his company's operations. He has been told that raising the money through
Tom Dawes, the founder of Footwear Inc., needs to raise $500,000 to expand his company's operations. He has been told that raising the money through debt will increase the riskiness of his company much more than issuing stock. He does not understand why this is true so how can someone explain it to him.
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