Question 10 Firm specific risks can be hedged by using derivative contracts. Not yet answered Marked out of 1.00 Select one: o True p Flag question False Question 11 Not yet answered In frictionless markets where the operations side of the firm is held fixed, investors gain nothing from the hedging choices of the Marked out of 1,00 firm P Flag question Select one: True False Question 12 Not yet answered Marked out of 1.00 Under picking order theory, if the firm doesn't have enough returned earnings to finance its need, and external financing is required, they begin with the safest security first so they issue equity and as a last option they use debt financing P Flag question Select one: True False Question 13 Not yet answered Managers may prefer investments that play off more quickly to those that would maximize the value of their shares Marked out of 1.00 Select one: Flag question True ig. R. 8