Question
According to the pecking order theory, it is less costly to issue debt than outside equity because debt is more sensitive to information. it is
According to the pecking order theory,
|
| it is less costly to issue debt than outside equity because debt is more sensitive to information. |
|
| it is more costly to issue outside equity than debt because equity is more sensitive to information. |
|
| none of the above statement is true. |
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The Routledge Handbook Of Financial Literacy
Authors: Gianni Nicolini, Brenda J. Cude
1st Edition
0367457776, 978-0367457778
