Which of the following does the pecking order hypothesis predict? a. Companies prefer internal financing first. b.
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Question:
a. Companies prefer internal financing first.
b. If external financing is required, companies must first seek debt financing.
c. If external financing is required, companies will choose to issue the safest or cheapest security first, starting with debt financing and using equity as a last resort.
d. All are correct
Related Book For
Edexcel AS And A Level Mathematics Pure Mathematics Year 1/AS
ISBN: 9781292183398
1st Edition
Authors: Greg Attwood
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