Question
You are working for a public company in the Biotech industry. Your boss comes into your office and makes the following statement Debt is cheap
You are working for a public company in the Biotech industry. Your boss comes into your office and makes the following statement Debt is cheap the interest rate we would pay is only 4%, so we should borrow as much as we can to lower our WACC and increase the value of the firm. How do you respond to your boss?
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Finance For A Better World
Authors: Henri-Claude De Bettignies, F. Lépineux
2009th Edition
0230551300, 978-0230551305
