You decide to start a business selling covers for smart phones in a mall kiosk. To buy

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You decide to start a business selling covers for smart phones in a mall kiosk. To buy inventory, you need to borrow some funds. Why are you more likely to take out a bank loan than to issue bonds?

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Oct 02, 2014 07:54 AM

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You decide to start a business selling covers for smart phones in a mall kiosk. To buy

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Issuing bonds is a form of direct finance and would r...View the full answer

Money Banking and Financial Markets

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