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A Firm'S Debt-To-Equity Ratio Varies At Times Because

ause A. a firm will want to sell common stock when prices are high and bonds when interest rates are low. B. a firm will want to take advantage of timing its fund-raising in order to minimize costs over the long run. C. the market allows some leeway in the debt-to-equity ratio before penalizing the firm with a higher cost of capital. D. All of these are accurate statements.
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D

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