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Your CEO made the following statement: The founding family and majority shareholders of the company do not believe in using debt to finance future growth.
Your CEO made the following statement: "The founding family and majority shareholders of the company do not believe in using debt to finance future growth. Debt can cause loss of flexibility and eventual loss of corporate control. As such, all future growth will be financed either by stock sales to the public or by internally generated resources." What are some of the errors in the CEO's reasoning? What do you think is best for funding future growth
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