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The MCC slopes upward because A. It costs more to borrow more B. The firm must move from less expensive internal equity (retained earnings) to
The MCC slopes upward because
| A. It costs more to borrow more |
| B. | The firm must move from less expensive internal equity (retained earnings) to more expensive external equity (new equity) |
| C. Debt is cheaper than equity |
| D. both a and b |
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
