PDF-1IntroductionRaisingcapitalunderasymmetricinformationexposes rmstopote

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1MyersandMajluf1984alsosuggestthatinternal nancingdominatesexternal nancingwhereexternal nancingcaneitherbeintheformofdebtorequityInthispaperwedonotconsiderinternal nancingbecauseitwoulddominatee

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