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  2. Debt, Taxes, and Liquidity

    https://www.cerf.cam.ac.uk/system/files/documents/debttaxes.pdf
    Debt, Taxes, and Liquidity. Patrick Bolton† Hui Chen‡ Neng Wang. March 12, 2014. Abstract. We analyze a model of optimal capital structure and liquidity choice based on adynamic tradeoff theory for financially constrained firms. In addition to

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