Which one of the following is correct according to, Financial Management

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Which one of the following is correct according to

Which one of the following is correct according to pecking-order theory?

A. There is an optimal capital structure for every firm.

B. A firm’s capital structure is independent of its need for external funding.

C. Firms avoid external debt except as a last resort.

D. Firms stockpile internally generated cash.

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Financial Management: Which one of the following is correct according to

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Financial Management: Which one of the following is correct according to

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