Documents Long-Term Financing:. Corporate Long-Term Debt: Why issue debt? If the asset return is greater than....

Long-Term Financing: Corporate Long-Term Debt: Why issue debt? If the asset return is greater than the cost of debt, then the higher debt ratio, the higher ROE ROE = ROA…

Documents frbsf_let_19800118.pdf

7/21/2019 frbsf_let_19800118.pdf 1/4cd\,tD,\ '1--\\k ; Jlil L ,January 18, 1980TurbulentButProfitableBanking and financial markets were buffetedin 1979 by i'nflation, recession…