Health, 30.11.2019 04:31, tyryceschnitker

Which of the following does the pecking order hypothesis predict?
a. if external financing is required, firms should first seek debt financing.
b. firms prefer internal financing first.
c. 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.
d. all of these

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Which of the following does the pecking order hypothesis predict?
a. if external financing i...