Based on Historical Experience, Which of the Following Best Describes

question 23

Multiple Choice

Based on historical experience, which of the following best describes the "pecking order" of long-term financing strategy in the U.S.?

• A)Long-term debt first, new common equity, internal financing last.
• B)Long-term debt first, internal financing, new common equity last.
• C)Internal financing first, new common equity, long-term borrowing last.
• D)Internal financing first, long-term borrowing, new common equity last.
• E)None of the above.