smuggycfa

Umm, this has relation to other material. Pecking order theory i guess.

Any company would first prefer to use retained earnings, then debt and last choice would be equity. sneaky but interesting.

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smileyface is gonna clear the CFA L2 Exam on 5th June, 2011. And making this statement won't be a violation of Code of Ethics since its a fact. ;-)



Edited 1 time(s). Last edit at Saturday, May 28, 2011 at 06:40AM by smileyface.