Cost of Capital for Banks
This paper from a Stanford professor is a great statement of why changing the debt/equity mix does not need to imply higher “costs”:
http://www.gsb.stanford.edu/news/research/admatiopenchase.html
This paper from a Stanford professor is a great statement of why changing the debt/equity mix does not need to imply higher “costs”:
http://www.gsb.stanford.edu/news/research/admatiopenchase.html