Question: 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

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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