The hypothesis is stated as follows: Among long-term assets, the firm
The hypothesis is stated as follows: Among long-term assets, the firm should finance long-term tangible assets, such as PP&E, with long-term debt, while other long-term assets, such as investments and intangibles, must be financed with equity.
a. tangible asset
b. debt-equity
c. collateral
d. Fisher
ANSWER
C
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