Fill in the blanks: According to the pecking-order theory, a. The firms debt ratio is determined by
Question:
According to the pecking-order theory,
a. The firm’s debt ratio is determined by _______ .
b. Debt ratios depend on past profitability, because _______ .
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Related Book For
Principles of Corporate Finance
ISBN: 978-0077404895
10th Edition
Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen
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