Describe risk requires a reward market prices are generally
Describe and give example for the following:
1) risk requires a reward
2) Market prices are generally right
3) Conflicts of interest cause agency problems
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describe and give example for the following1 risk requires a reward2 market prices are generally right3 conflicts of
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a firm raises capital by selling 20000 worth of debt with flotation costs equal to 3 of its par value if the debt
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