By issuing debt in exchange for stock, managers bond their promise to pay out future cash flows in a way that simple dividend increases do not.
通过发行股票冲销债务，管理层以一种简单分红所不具备的方式兑现了他们对于未来现金流的承诺。
By issuing debt in exchange for stock, managers bond their promise to pay out future cash flows in a way that simple dividend increases do not.
通过发行股票冲销债务，管理层以一种简单分红所不具备的方式兑现了他们对于未来现金流的承诺。
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