The flexible-budget variance is:

According to hersey and blanchards situational theory______ is the level of the followers skills and technical knowledge relative to the task being performed

Fill in the blank(s) with the appropriate word(s).

Which of the following statements is TRUE?

A) Issuing equity automatically hurts existing shareholders. B) Equity is less expensive than debt because of the dividend tax shield found with equity. C) If a firm takes on a positive NPV project financed with new equity, existing shareholders will benefit. D) All of the above are true.