According to the pecking order theory: a. New debt is preferable to new equity. b. New equity

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According to the pecking order theory:
a. New debt is preferable to new equity.
b. New equity is preferable to internally generated funds.
c. New debt is preferable to internally generated funds.
d. New equity is always preferable to other sources of capital.

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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