Capital Structure As A Puzzle
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Why has capital structure been described as a "puzzle"? Can you briefly discuss some of the reasons that have been put forward as answer to the puzzle.
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Solution Summary
The expert will discuss how a company's structure is comparable to a puzzle.
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The reason capital structure has been described as a puzzle is because there are so many different ways to finance a company and each piece affects the value of the others. The most common ways to finance a company are through equity with common stock, through debt such as ...
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- MBA, Merage School of Business, Univ of Cal, Irvine
- BA, Univ of Cal, Irvine
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