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According to pecking-order theory: A. More profitable firms use more extemal financing B. The optimal capital structure is around 50% Debt and 50% equity C.

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According to pecking-order theory: A. More profitable firms use more extemal financing B. The optimal capital structure is around 50% Debt and 50% equity C. companies avoid stockpiling cash D. The D/E ratio of a firm varies over time based on the need for external financing E. Firm's prefer to raise external equity rather than external debt

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