Capital structure issue - How would your thinking be affected
if;(a)each division raised its own debt,that is if the divisions were
set up as wholly owned subsidiaries, which then issued their own
debt(in fact,Randolph Corp raises debt capital at the corporate level,
and funds are then made available by headquarters to the various
divisions)(b)divisions issued their own debt,but the Corporation
guaranteed the divisional debt;or(c)all debt was issued by the
Corporation(which is actually the case)