PubMed · 8820300
A framework for evaluating capital structure.
Abstract
This article describes the rationale for accessing variable rate debt and the appropriate amount. It explores historical interest rate relationships and explains the motivation for incurring variable rate debt during certain interest rate environments. The article also explores the risks of variable rate debt and the liquid resources needed for prudent asset-liability management. Finally, the article outlines the financial statement impact of using variable rate debt.
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J B Sterns, T K Majidzadeh. 1995. A framework for evaluating capital structure.. https://pubmed.ncbi.nlm.nih.gov/8820300/
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