the static-tradeoff theory and the pecking order theory. To see which of these theories is more representative of how financial managers act, Graham and Harvey surveyed Chief Financial Officers (CFOs) of U.S. firms.

Prompt: Do you think either theory represents how capital structure decisions are made in practice? If so, which theory is more closely aligned with CFO actions? If not, what do these theories fail to capture about the actions of financial managers. Support your arguments with specific findings from the survey. minimum 300 words