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If management is assumed to use a capital structure with less than strictly optimal levels of debt to be in a better position to seize
If management is assumed to use a capital structure with less than strictly optimal levels of debt to be in a better position to seize unexpected opportunities as they arise than would otherwise be the case, this is commonly referred to as which capital structure theory? a. The pecking order theory b. The trade-off theory. c. The reserve borrowing capacity theory. d. The signaling theory
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