Question: 1 For this case study, you will need to access Yahoo! Finance. For your own country, choose an industry and find the debt to equity

1 For this case study, you will need to access Yahoo! Finance. For your own country, choose an industry and find the debt to equity ratio of each company in the industry. Now choose another country and find the debt to equity ratios of all the companies in the same industry. Is the median leverage different between countries? If so, explain why you think this might be the case. If not, what does this tell you about the three theories (trade-off, pecking order, market timing) of capital structure? Write a brief report on your findings.

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