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kwmusick kwmusick
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A month ago
The static trade-off capital structure theory ignores

▸ the effect of informational differences among shareholders, creditors, and management.

▸ managers' own interests.

▸ the risk aversion of the investors.

▸ Both A and B are ignored.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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roman91roman91
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A month ago
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