Which of these three statements characterize the Market Timing Theory of Capital Structure

$($i$)$ Managers do not have a clear target Capital Structure.

$($ii$)$ Managers may raise new capital even if they do not need funds for Capital Investment.

$($iii$)$ Managers may consider issuing bonds and use the funds to repurchase their stock.

Group of answer choices

Only $($ii$)$ characterizes the Market Timing Theory of Capital Structure.

Only $($i$)$ and $($iii$)$ characterize the Market Timing Theory of Capital Structure.

Only $($i$)$ characterizes the Market Timing Theory of Capital Structure.

Only $($ii$)$ and $($iii$)$ characterize the Market Timing Theory of Capital Structure.

All three characterize the Market Timing Theory of Capital Structure.