A3. Managers typically have more information that we asymmetric information theory. Their reluctance to sam negative signals and high flotation costs are also widely of their companies capital structure, they prefer when possible to first a) issue new debt which is relatively costless for the tres (b) use retained earnings rather than external franceses (c) forego development until there are maring studente (d) target a mixed expansion of debt. equity and preferred (e) do any of the above Ob Od e A3. Managers typically have more information that we asymmetric information theory. Their reluctance to sam negative signals and high flotation costs are also widely of their companies capital structure, they prefer when possible to first a) issue new debt which is relatively costless for the tres (b) use retained earnings rather than external franceses (c) forego development until there are maring studente (d) target a mixed expansion of debt. equity and preferred (e) do any of the above Ob Od e