Mike's Mopeds used internal financing as a source of long-term financing for 70% of its total needs in 2014. The company borrowed an additional 20% of its total needs in the long-term debt markets in 2014. What were Mike's net new stock issues, in percentage terms, for 2014?
A) -10%
B) -5%
C) 5%
D) 10%
E) 15%
Correct Answer:
Verified
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