Calhoun Computech Used Internal Financing as a Source of Long-Term

question 4

Multiple Choice

Calhoun Computech used internal financing as a source of long-term financing for 80% of its total needs in 2011. The company borrowed an additional 15% 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%