Why has capital structure been described as a "puzzle"? Can you briefly discuss some of the reasons that have been put forward as answer to the puzzle.© BrainMass Inc. brainmass.com November 30, 2021, 7:15 am ad1c9bdddf
The reason capital structure has been described as a puzzle is because there are so many different ways to finance a company and each piece affects the value of the others. The most common ways to finance a company are through equity with common stock, through debt such as ...
The expert will discuss how a company's structure is comparable to a puzzle.