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Which of the following factors favor the issuance of equity in the financing decision? I. Market signaling II. Distress costs III. Management incentives IV. Financial

Which of the following factors favor the issuance of equity in the financing decision? I. Market signaling II. Distress costs III. Management incentives IV. Financial flexibility

a.

I and II only

b.

I and III only

c.

II and IV only

d.

II, III, and IV only

e.

I, II, and IV only

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