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Wich one of the following statements is true? The pecking order theory suggests that only firms will outstanding profitability should consider issuing equity to obtain

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Wich one of the following statements is true? The pecking order theory suggests that only firms will outstanding profitability should consider issuing equity to obtain capital When a company is in financial distress, its shareholders may have an incentive to undertake excessively risky investments. A company incurs costs of financial distress only after declaring bankruptcy. O The fact that debt financing is generally cheaper than equity financing is only due to the impact of tax

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