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According to the pecking order theory: New debt is preferable to internally generated funds New debt is preferable to new equity New equity is always
According to the pecking order theory:
New debt is preferable to internally generated funds
New debt is preferable to new equity
New equity is always preferable to convertible bonds
New equity is preferable to internally generated funds
New equity is preferable to new debt
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
