为什么答案不是A呢？pecking order不是内源融资优先吗？谢谢老师

问题如下：

Which of the following statements is most correct according to the pecking order theory?

选项：

The capital structure may be optimal if internal funds are used after new debt is made complete use of.

The capital structure may be optimal if new debt is used after new equity is made complete use of.

The capital structure may be optimal if new equity is used after new debt is made complete use of.

解释：

C is correct.

考点：Costs Affect Capital Structure

解析：优序融资理论(Pecking Order Theory)认为企业融资一般会遵循内源融资、债务融资、权益融资的先后顺序。当债务融资充分利用之后再使用外部权益融资符合优序融资理论。