6. Which of the following statements concerning the asymmetric information theory of capital structure is false? a. If outside funds were required, managers would issue new common stock if they b. If outside funds were required, managers would issue debt when they believe c. Investors recognize manager's incentives and hence tend to mark down a firm's d. Firms should maintain a reserve debt capacity, so that they can always issue e. Firms should over-leverage, so that they can always issue new common stock believe their stock is overvalued. their stock is undervalued. stock price when new common stock is issued. debt under relatively favorable terms. under relatively favorable terms