Across
- 2. "Equity with no debt, bearing only the direct risk from the firm's projects."
- 3. "A process where a firm borrows to buy back shares, changing its financial structure."
- 4. "An investor’s tool to match their own risk preference by adjusting their portfolio's debt level, mimicking the firm’s leverage."
- 6. "This type of equity faces more risk due to its rank in payment order behind debt."
- 7. "A strategy of taking advantage of price differences in markets to make a risk-free profit."
- 8. "This type of balance sheet shows all assets and liabilities at their current worth, not just book values."
Down
- 1. "An ideal market where there are no taxes, transaction costs, or restrictions, and everyone trades at fair prices."
- 5. "According to this theory, a firm's value stays the same regardless of how it’s financed, assuming a perfect market."