Question 4 3 pts Which of the following is inconsistent with Pecking order theory? O Managers would tend to issue stock when they know the price is too high Firms tend to prefer to issue debt rather than external equity Firms should always take on maximum debt in order to make sure they can issue stock when they need to The market understands the information advantage that managers have and tend to reduces stock price if the commino more common stock Company shouldn't take on as much debts they possibly can to love room to bow in case otoreces 3 pts