The Benefits and Costs of Using Debt
{"Image DocumentName": "The Benefits and Costs of Using Debt", "Image ImageDescription": "THE COSTS OF DEBT. Agency Costs. Lenders know that stockholders have incentives to distribute some or all of the funds that they borrow as dividends and so they protect themselves against this sort of behavior by including provisions in the lending agreements that limit the ability of stockholders to pay dividends and conduct other behaviors. These protections are however, not foolproof.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}