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stranahan stranahan
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7 years ago
The Pecking Order Hypothesis predicts which of the following?
A) If external financing is required, firms will choose to issue the safest or cheapest security first, starting with debt financing and using equity as a last resort.
B) If external financing is required, firms should first seek debt financing.
C) Firms prefer internal financing first.
D) All of these
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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portalgoal!portalgoal!
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7 years ago
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stranahan Author
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7 years ago
Thank you very much for this. It's really helpful.
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