Choose the word or phrase in [ ] which will correctly complete the statement. Select
-Lower borrowing costs encourage the substitution of [debt for equity | equity for debt] in corporate capital structures.

Question

Quizplus · Accepted Answer

Lower borrowing costs make it easier for corporations to borrow money, which can encourage them to substitute (replace) their equity (ownership shares) with debt (borrowed money).

Choose the Word or Phrase in [ ] Which Will