Capital rationing may be imposed because of all of the following EXCEPT

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Capital rationing may be imposed because of all of the following EXCEPT

Capital rationing may be imposed because of all of the following EXCEPT
A) capital market conditions are poor.
B) management has a fear of debt.
C) stockholder control problems prevent issuance of additional stock.
D) the company's stock price is at an historically high level.

Textbook

Foundations of Finance

Edition: 9^th

Authors: Keown, Petty, Martin

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