If a firm goes from zero debt to successively higher levels
If a firm goes from zero debt to successively higher levels of debt, why would you expect its stock price to rise first, then hit a peak, and then begin to decline?
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is the debt level that maximizes a firms expected eps the same as the debt level that maximizes its stock price
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if a firm goes from zero debt to successively higher levels of debt why would you expect its stock price to rise first
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