Question: The pecking order theory implies that Question 15 options: a) Internal sources of funds are least preferred for additional financing b) External equity is used

 The pecking order theory implies that Question 15 options: a) Internal

The pecking order theory implies that

Question 15 options:

a) Internal sources of funds are least preferred for additional financing
b) External equity is used the second most preferred source of finance
c) Internal sources and external debt are used as the last resort
d) External debt is the preferred external funding source

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