Question
According to the pecking order theory of capital structure, which one of these circumstances would make issuing equity more attractive? a) Having cash flows that
According to the pecking order theory of capital structure, which one of these circumstances would make issuing equity more attractive?
a) Having cash flows that are easily valued using public information
b) Large cash holdings
c) Low cost of debt
d) Low tax rates
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Fundamentals of corporate finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
2nd Edition
978-0470933268, 470933267, 470876441, 978-0470876442
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