Mike's Mopeds Used Internal Financing as a Source of Long-Term

question 39

Multiple Choice

Mike's Mopeds used internal financing as a source of long-term financing for 70% of its total needs in 2011. The company borrowed an additional 20% of its total needs in the long-term debt markets in 2011. What were Calhoun's net new stock issues,in percentage terms,for 2011?

• A) -10%
• B) -5%
• C) 5%
• D) 10%
• E) 15%

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