An LBO Feature

JayHecht at JayHecht at
Wed Jun 3 11:34:35 PDT 1998


Given all the nonsense about the role of the stock and bond market in capital formation, how about a regular feature where you debunk some "myth of the market."

For example, in the text I'm using for a finance course, they note that over 85% of corporate long term financing is in the form of bonds. What they don't say is that the bulk of total corporate finance is done internally!


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