Discussion
o If the cost of debt is generally below cost of equity, why would firms want to issue equity?
o How reliable are ratios when used to evaluate fast-growing companies? How is it used to evaluate fast-evolving economic sectors such as Internet companies? How are ratios helpful in evaluating turnarounds? What is the best measure of performance for companies in cyclical sectors?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.