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What condition would cause capital structure management to be meaningless activity? Why should the financial manager be familiar with the business cycle?

What condition would cause capital structure management to be meaningless activity? Why should the financial manager be familiar with the business cycle?

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Capital structure management may become a meaningless activity under certain conditions such as 1 Zero or Negligible Debt If a company operates with no debt or very low levels of debt capital structur... blur-text-image

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