Why would managers prefer issuing debt to issuing equity?

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Question: 1. What does the term "financial distress" mean? What are some of the costs of financial distress for a firm?

2. Why would managers prefer issuing debt to issuing equity?

Reference no: EM131477792

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Why would managers prefer issuing debt to issuing equity? : What does the term "financial distress" mean? What are some of the costs of financial distress for a firm?
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