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Debt or equity

Exercise and reference answers

Upper category
Debt
Lower category
Equity
Items
  1. Category
    Debt
    Item
    Interest
  2. Category
    Debt
    Item
    Tax shield
  3. Category
    Debt
    Item
    First paid
  4. Category
    Debt
    Item
    Refinance
  5. Category
    Equity
    Item
    Dividend
  6. Category
    Equity
    Item
    Beta
  7. Category
    Equity
    Item
    Last paid
  8. Category
    Equity
    Item
    Flotation
Instructions
Send each feature to the debt track or the equity track.

Explanation

_Source: OpenStax Principles of Finance 2e, Chapter 17, How Firms Raise Capital._
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