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Which one of the following statements is consistent with the pecking order theory A. In an average year, public companies actually repurchase more shares than

Which one of the following statements is consistent with the pecking order theory

A.

In an average year, public companies actually repurchase more shares than they sell.

B.

The more profitable a company is, the less debt it tends to have.

C.

All of the above.

D.

None of the above.

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