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Comment by diffeomorphism

> How does not being funded by a few investors etc make it more expensive to be funded by others?

Supply and demand. If the number of investors goes down, the remaining ones can charge higher rates. The 1001 small names would be stupid to invest for 5% if they can get 6%. The coal company would build even more plants if it were lucrative, but at 6% such and such big investment does not make financial sense anymore.

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