According to the trade-off theory: a. The amount of debt a company has is irrelevant. b. Debt
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a. The amount of debt a company has is irrelevant.
b. Debt should be used only as a last resort.
c. Debt will not be used if a company's tax rate is high.
d. Companies have an optimal level of debt?
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1118845899
3rd edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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