15. Generally, managers of corporations prefer internally generated cash to finance their capital expenditures because:...
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Finance
15. Generally, managers of corporations prefer internally generated cash to finance their capital expenditures because: (a) they can avoid the discipline of financial markets by relying on the internally generated cash. (b) the direct and indirect costs of issuing new securities are higher. (c) the announcement of a new equity issue usually serves as a negative signal for investors. (d) all of the options are correct
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