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Based on the pecking order theory, investors would expect: a. None of the options is correct b. Equity issues provide positive signals to the market

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Based on the pecking order theory, investors would expect: a. None of the options is correct b. Equity issues provide positive signals to the market of undervaluation c. A company that raises equity will often experience an increase in the share price d. A company that has stable earnings to raise capital through debt instruments e. Internal sources of funds to provide the most information to the market

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