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12) In order to enhance the wealth of stockholders and to send positive signals to the market, corporations generally raise funds using the following order:

12) In order to enhance the wealth of stockholders and to send positive signals to the market, corporations generally raise funds using the following order: a. Equity, retained earnings, debt. b. Debt, retained earnings, equity. c. Retained earnings, equity, debt. d. Retained earnings, debt, equity.

.****Note**** The answer is not ( b. Debt, retained earnings, equity).

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