Slide 1 Determining the optimal capital structure The tradeoff in using debt raises two related questions 1) is the higher expected rate of return associated with debt sufficient…
Determining the optimal capital structure The tradeoff in using debt raises two related questions 1) is the higher expected rate of return associated with debt sufficient…
1 1 FO R E W O R D With this report we want to make a contribution to addressing one of the key challenges of global financial governance: How to conduct and assess sovereign…