1.The Pecking Order Theory of capital structure suggests that: I.All firms will use some debt-financing to benefit...
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Question:
1.The Pecking Order Theory of capital structure suggests that:
I.All firms will use some debt-financing to benefit from interest tax shields.
II.Some firms may rationally choose to have zero debt-financing.
III.Issuing equity is firms' least desired financing option.
A.I only
B.II only
C.III only
D.I and III
E.II and III
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