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Recognizing that financial distress & bankruptcy is costly for a firm, researchers developed ___________, which states that firms choose their optimal capital structures by balancing
Recognizing that financial distress & bankruptcy is costly for a firm, researchers developed ___________, which states that firms choose their optimal capital structures by balancing _______________of financial leverage.
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signaling theory; the expected costs and benefits
trade-off theory; the WACC and the cash flows of the firm
trade-off theory; the expected costs and benefits
signaling theory; the WACC and the cash flows of the firm
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