When interest rates are high and still rising the least-cost method used by public limited...
ECONOMICS
JAMB 1992
When interest rates are high and still rising the least-cost method used by public limited companies to obtain additional funds for their operations is by?
- A. obtaining life-term loans from merchant banks
- B. obtain short-term loans from commercial banks
- C. selling floating-rate debenture stocks to the general public
- D. selling new ordinary shares to the general public
Correct Answer: D. selling new ordinary shares to the general public
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