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Long-Term Capital Sources for Firms by Jerome Montoya is a document available to read on EtoBox.
What is Long-Term Capital Sources for Firms about?
There are three basic sources of long-term capital for firms: the cost of long-term debt, equity financing through common stock, and preferred stock. The cost of long-term debt is the rate the firm must pay on new borrowing, which can be estimated using yield-to-maturity of similar bonds, internal rate of return calculations, or approximations. The cost is lowered after-tax. The cost of preferred stock is calculated as the preferred dividend divided by the stock
- Author
- Jerome Montoya
- Language
- EN