posted by Bobby .
Here's a few questions I'm stuck on...
What makes a stock liquid?
A. the reputation and financial strength of the corporations that issue them.
B. the fact that a secondary market exists for publicly traded stocks.
C. the fact that they are generally short term financial assets.
Why might a firm opt for long-term debt instead of equity?
A. the impact of U.S. tax laws.
B. the debt is always cheaper.
C. equity is always cheaper.