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mantparn mantparn
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7 years ago
The asymmetric information explanation of capital structure suggests that firms will issue new equity only when the managers believe the firm's stock is overvalued; as a result, issuing new equity is considered a negative signal that will result in a decline in share price.
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Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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donnabandonnaban
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mantparn Author
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7 years ago
*Incredible*
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