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*If banks or lines of credit exist - why was the IPO ever invented for funding? | *If banks or lines of credit exist - why was the IPO ever invented for funding if it is more expensive and if it leads to the [[Agency Problem]]? Answer - banks fund low risk only. | ||
Latest revision as of 16:50, 3 March 2023
- If banks or lines of credit exist - why was the IPO ever invented for funding if it is more expensive and if it leads to the Agency Problem? Answer - banks fund low risk only.