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Based on the pecking order theory only, how many of the following statements are true? A firms leverage ratio is determined by the point where

Based on the pecking order theory only, how many of the following statements are true?\ A firms leverage ratio is determined by the point where additional tax benefit of debt is equal to the additional financial distress cost of issuing more debt\ A firms leverage ratio is determined by the cost of debt\ A firms leverage ratio is determined by its financing needs\ A firms optimal debt-to-equity ratio does not exist

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