Question: This answer will get multiple thumbs up if correct. Which of the following is true? Group of answer choices A firm should only use equity

This answer will get multiple thumbs up if correct.

Which of the following is true? Group of answer choices

A firm should only use equity because of bankruptcy costs.

The optimal capital structure of a firm will vary over time as taxes and market conditions change.

A firm should use more debts since cost of debt is lower than cost of equity.

The optimal capital structure of a firm will vary over time as management team changes.

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