Question: according to the higgins 5-factor model for financing decisions, which of the following factors support the use of debt in a financing decision? 1. market

according to the higgins 5-factor model for financing decisions, which of the following factors support the use of debt in a financing decision? 1. market signaling, 2. distress costs, 3. management incentives, 4. financial flexibility, as you evaluate your answer, consider how each factor was associated with either debt or equity financing in the model

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