PDF-ExplainthelackofpositiveempiricalrelationshipbetweenE(R)andmeasuresofl
Goal
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Firmsissuedebtinordertoinvest
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Investmentlowersriskofthermbyexercisinggrowthoptions
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UnconditionalrelationshipdifculttodetectNeedtocontrolforGrowthoptions
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Equation8ofsimplied
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