The Pecking Order Hypothesis Predicts Which of the Following

Multiple Choice

The Pecking Order Hypothesis predicts which of the following?

A) Firms prefer internal financing first.
B) If external financing is required,firms should first seek debt financing.
C) If external financing is required,firms will choose to issue the safest or cheapest security first,starting with debt financing and using equity as a last resort.
D) All of these