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The pecking order theory of capital structure suggests that managers will choose to use retained earnings before issuing additional debt when financing new projects. In
- The pecking order theory of capital structure suggests that managers will choose to use retained earnings before issuing additional debt when financing new projects. In your opinion, does that infer anything about the flotation costs of issuing new securities? Why?
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Horngrens Accounting The Managerial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
12th edition
013448682X, 978-0134486826
