Question: 8 The pecking - order theory states that when external funds are required, a firm should eBook Multiple Choice refund all monies pulled from internal

8
The pecking-order theory states that when external funds are required, a firm should
eBook
Multiple Choice
refund all monies pulled from internal sources with external funds
limit its debt-equity ratio to no more than 5.
issue convertible bonds prior to straight bonds.
issue equity securities only after the frm's debt capacity is reached.
never issue any convertible securities.
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8 The pecking - order theory states that when

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