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by JackFr 2279 days ago
If debt is that cheap it would be irresponsible to finance the firm with equity.
2 comments

That really depends on your timelines and risk tolerance assessment including externalities.

To use poker as an analogy: if you aren't sufficiently bankrolled, the correct play (most positive EV) can involve an unacceptably high risk of ruin. ....and BTW are you also factoring in the probability of fraud or a government seizure in your calculations?

> If debt is that cheap it would be irresponsible to finance the firm with equity.

Why?