According to the Pecking Order Hypothesis,less Profitable Companies in an Asymmetric

question 29

Multiple Choice

According to the Pecking Order Hypothesis,less profitable companies in an asymmetric world will need more ________; they will first seek ________ and will avoid ________.

• A)external funding; equity funding; debt market
• B)internal funding; the use of retained earnings; debt market
• C)external funding; debt financing; equity market
• D)internal funding; the use of retained earnings; equity market