This is a multiple choice question. I have tried four times, but they were all wrong. these are the options I tried before.

1. CD
2. CDE
3. ACD
4. AC

Which factors lead a company to use more debt in its capital structure? Check all that apply: Incentives to reduce conflicts of interest Stock price reaction to the announcement of a new equity issue Tax benefits Flexibility Costs of financial distress Which factors lead a company to use more debt in its capital structure? Check all that apply: Incentives to reduce conflicts of interest Stock price reaction to the announcement of a new equity issue Tax benefits Flexibility Costs of financial distress