金同学2020-01-10 10:16:16

原版书reading20第6题： 6.According to the pecking order theory: A. new debt is preferable to new equity. B. new debt is preferable to internally generated funds. C. new equity is always preferable to other sources of capital. 书中答案如下： A is correct. According to the pecking order theory, internally generated funds are preferable to both new equity and new debt. If internal financing is insufficient, managers next prefer new debt, and finally new equity. 都说了internal更好，那为什么还是选择A啊？