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Preview of Chapter 10 - they sometimes borrow short-term...

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Preview of Chapter 10 The Feature Story suggests that General Motors and Ford have tremendous amounts of debt. It is unlikely that they could have grown so large without this debt, but at times the debt threatens their very existence. Given this risk, why do companies borrow money? Why do
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Unformatted text preview: they sometimes borrow short-term and other times long-term? Besides bank borrowings, what other kinds of debts do companies incur? In this chapter we address these issues. The content and organization of the chapter are as follows....
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