The Lory Bookstore Used Internal Financing as a Source of Long-Term

question 37

Multiple Choice

The Lory Bookstore used internal financing as a source of long-term financing for 85% of its total needs in 2014. The company borrowed an additional 25% of its total needs in the long-term debt markets in 2014. What were Lory's net new stock issues in that year?

• A) -20%
• B) -10%
• C) 10%
• D) 20%
• E) 30%

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Definitions:

Bullied

Subjected to repeated aggressive behavior intended to hurt, intimidate, or exert dominance over someone perceived as vulnerable.

Person-Environment Transactions

The processes by which people respond to, seek out, and create environments that are compatible with, and may magnify, their personality traits.

Cumulative Personalities Continuity

The psychological theory that an individual's personality traits become more entrenched and consistent over their lifetime through a buildup of experiences and behaviors.

Birth-Order Effects

Theoretical concepts suggesting that a person's rank by age among siblings influences their personality, behavior, and intelligence.