Starting in the 1980s there has been a large increase in


Starting in the 1980's, there has been a large increase in the issuance of bonds relative to issuance of stock by corporations. Explain why this might be a response of stockholders to the moral hazard associated with the principal-agent problem.

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Financial Management: Starting in the 1980s there has been a large increase in
Reference No:- TGS02139431

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