Click to edit Master title styleClick to edit Master text stylesSecond levelThird levelFourth levelFifth levelCHAPTER 10The Cost of Capital1Topics in ChapterCost of CapitalponentsDebtPreferrem

Click to edit Master title styleClick to edit Master text stylesSecond levelThird levelFourth levelFifth levelClick to edit Master title styleDebt FinancingChapter 12S t I c e S t I c e S k o u

第二层第三层第四层第五层Financing FinancingEquity financingDebt financingEquity financing: ownedStocks: Claims on assetsPart ownershimon stockPreferred stocmon StocksWith voting rightsLast to get paid in

Aswath Damodaran Expanded and Edited by Del HawleyBrief Overview of Debt and EquityThe Only Two Choices for FinancingDebt (Leverage)The essence of debt is that you promise to make fixed payments in