Long-Term Financing Decision
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چکیده
ultinational corporations (MNCs) typically use long-term sources of funds to finance long-term projects. They have access to both domestic and foreign sources of funds. It is worthwhile for MNCs to consider all possible forms of financing before making their final decisions. Financial managers must be aware of their sources of long-term funds so that they can finance international projects in a manner that maximizes the wealth of the MNC. The specific objectives of this chapter are to: ■ explain why MNCs consider long-term financing in foreign currencies, ■ explain how to assess the feasibility of long-term financing in foreign currencies, and ■ explain how the assessment of long-term financing in foreign currencies is adjusted for bonds with floating interest rates.
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