Based on a study of capital structure changes over 5-year time horizons for publicly traded U.S. firms from 1964 to 2003,
A)net debt issuing activity and net equity issuing activity were equally important in effecting capital structure changes.
B)net long-term debt issuing activity was the most important mechanism through which a firm's capital structure changed.
C)net equity issuing activity was the most important mechanism through which a firm's capital structure changed.
D)net debt issuing activity and stock value changes were equally important in effecting capital structure changes.

Question

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The Answer of Based on a study of capital structure changes over 5-year time horizons for publicly traded U.S. firms from 1964 to 2003,
A)net debt issuing activity and net equity issuing activity were equally important in effecting capital structure changes.
B)net long-term debt issuing activity was the most important mechanism through which a firm's capital structure changed.
C)net equity issuing activity was the most important mechanism through which a firm's capital structure changed.
D)net debt issuing activity and stock value changes were equally important in effecting capital structure changes.

Based on a Study of Capital Structure Changes Over 5-Year