Discussion Post
Prepare a synopsis of the material discussed in the chapter readings. In your post, share any questions you may have regarding the managerial finance concepts presented in the textbook.
a) Why are some advantages and disadvantages of firms's use of long-term debt?
b) Define and explain the concept of flotation costs.
c) What are the benefits to investors of owning preferred stock?
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.