Advantages of issuing common stock versus long-term debt include all of the following EXCEPT
A. the effects of dilution on earnings and voting power.
B. no maturity.
C. increases firm’s borrowing power.
D. no fixed payment obligation.
Answer:A
Advantages of issuing common stock versus long-term debt include all of the following EXCEPT
A. the effects of dilution on earnings and voting power. B. no maturity. C. increases firm’s borrowing power. D. no fixed payment obligation.