chapter 18 Hodges and D'Ambrosio study guide

Michael McKenney ( mmckenne@ins.state.pa.us )
Wed, 19 Aug 1998 11:02:26 -0400

The Hodges and D'Ambrosio study guide, chapter 18, exercise 18 reads:

"Firms whose assets are risky and mostly intangible tend to borrow
(less,more) _______________ than firms whose assets are tangible and
relatively safe."

Am I insane, or isn't this answer OBVIOUSLY less. Throughout the chapter,
they talk about how pharmacetical companies have practically no debt, while
airlines borrow heavily. Wouldn't you know that the solution Hodges and
D'Amborsio give is 'more'!

AAAAAAAAAAGGGGGGHHHHHHHHHH!!!!