Explain the use of equity versus debt in corporate, Financial Management

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Explain the use of equity versus debt in corporate

It has been said that expected bankruptcy costs can help explain the use of equity versus debt in corporate financial structure, even though interest but not dividends are tax deductible.

Can bankruptcy costs also explain hedging practices that on average reduce expected earnings?

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Financial Management: Explain the use of equity versus debt in corporate

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Financial Management: Explain the use of equity versus debt in corporate

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