15. Which of the following firms is LESS likely to issue more debt? ...
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Finance
| 15. Which of the following firms is LESS likely to issue more debt? | |||
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| a. | A firm where managers believe their stock price is overvalued |
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| b. | A firm which has low operating leverage |
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| c. | A firm which has many investment opportunities that are known only to corporate managers (insiders) |
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| d. | A firm which has very high marginal tax rates |
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| e. | A firm which has lots of valuable fixed assets |
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