According to the Pecking Order Hypothesis,selling equity is the first choice for firms that require outside financing.

Name: According to the Pecking Order Hypothesis,selling equity is the first choice for firms that require outside financing.
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According to the Pecking Order Hypothesis, firms prefer to first use internal sources of financing, then debt financing, and finally equity financing as a last resort.

According to the Pecking Order Hypothesis,selling Equity Is the First