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According to the pecking order theory, the order in which firms prefer to obtain funds for investment is: O a) First retained earnings, then equity,
According to the pecking order theory, the order in which firms prefer to obtain funds for investment is: O a) First retained earnings, then equity, then debt O b) First dividends, then debt repayment c) First equity, then debt, then retained earnings O d) First retained earnings, then debt, then equity O e) None of the above
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