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Home Q & A Board Other Fields Homework Help Business Management
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betterway betterway
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7 years ago
The pecking order explanation of capital structure states that a hierarchy of financing exists for firms, in which retained earnings are employed first, followed by debt financing and finally by external equity financing.
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Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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alovelyalovely
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"It is better to fail in originality than to succeed in imitation."

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