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1) Equity or Debt - Which is Cheaper?
Author:
Calvin Neudorf
Category:
Finance
The question-debt or equity?-is rarely raised in North American corporate boardrooms. A good part of the blame rests with the fundamental structure of the financial marketplace: both the brokerage industry and the retail investor segment is governed, almost entirely, by the need to trade instruments (stocks) which inherently incorporate substantial short-term upside. But corporate managements must also be blamed for failing to substantiate business models capable of reasonable analytical scr...
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