QUESTION 23 1. The pecking order theory of capital structure is based on the asymmetric...

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Accounting

QUESTION 23
1. The pecking order theory of capital structure is based on the asymmetric information theory that the announcement of a stock offering by a mature firm is taken as a signal that the firm's prospects as seen by its management are not bright.
True
False
1 points
QUESTION 24
1. One implication of the pecking order theory of capital structure is that profitable firms have more debt because they don't need outside money.
True
False

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