Discussion: Debt And Equity Valuation
What are some advantages of valuating a stock based on discounted cash flows? With the availability of cash flow valuations, why might investors display trading biases and what might be some potential consequences? Why might corporations use call features and restrictive covenants on bond issues?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.