Mike's Mopeds used internal financing as a source of long-term financing for 70% of its total needs in 2013.The company borrowed an additional 20% of its total needs in the long-term debt markets in 2013.What were Calhoun's net new stock issues,in percentage terms,for 2013?
A)-10%
B)-5%
C)5%
D)10%
E)15%

Question

Quizplus · Accepted Answer

Net new issues = 10%,as 100% - (70% + 20%)= 10%.

Mike's Mopeds Used Internal Financing as a Source of Long-Term