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Based on the Pecking-Order Theory, if a firm cannot fund a project with internal financing, what is the next best source of financing? Question 2
Based on the Pecking-Order Theory, if a firm cannot fund a project with internal financing, what is the next best source of financing?
Question 2 options:
| Issuing equity |
| Issuing debt |
| Issuing half debt and half equity |
| Issuing debt if D/E is less than 1, but issuing equity if it is greater than 1 |
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