According to the pecking order theory: a. New debt is preferable to new equity. b. New equity
Question:
a. New debt is preferable to new equity.
b. New equity is preferable to internally generated funds.
c. New debt is preferable to internally generated funds.
d. New equity is always preferable to other sources of capital.
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Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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