Fill in the blanks: According to the pecking-order theory, a. The firms debt ratio is determined by

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Fill in the blanks:
According to the pecking-order theory,
a. The firm’s debt ratio is determined by _______ .
b. Debt ratios depend on past profitability, because _______ .

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Principles of Corporate Finance

ISBN: 978-0077404895

10th Edition

Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen

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Question Posted: Dec 31, 2012 09:44 AM

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Fill in the blanks: According to the pecking-order theory, a. The firms debt ratio is determined by

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