Question:
if we have negative net debt that would mean higher unlevered cost of capital because asset beta is higher than equity beta which leads to lower unlevered firm value. what is problematic with this? because normally Be is higher than Bu.
Question:
if we have negative net debt that would mean higher unlevered cost of capital because asset beta is higher than equity beta which leads to lower unlevered firm value. what is problematic with this? because normally Be is higher than Bu.