According to the pecking order theory of capital structure, which one of these circumstances would make issuing
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Question:
According to the pecking order theory of capital structure, which one of these circumstances would make issuing equity more attractive?
a) Having cash flows that are easily valued using public information
b) Large cash holdings
c) Low cost of debt
d) Low tax rates
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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