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Which one of the following is not implied by the pecking order theory? Multiple Choice Companies like having financial slack. Companles prefer to borrow up
Which one of the following is not implied by the pecking order theory? Multiple Choice Companies like having financial slack. Companles prefer to borrow up to the point where the financial distress costs offset the tax benefit of debt. Profitable firms tend to use less debt than unprofitable firms, Firms tend to accumulate cash in anticipation of future projects. There is no target debi-equity ratio for a firm
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