A firm's actual capital structure does not match its target capital structure. This outcome is least likely to be justif

[answerhappygod]

A firm's actual capital structure does not match its target
capital structure. This outcome is least
likely to be justified by:
Group of answer choices
market‐value fluctuations in its debt and equity securities it
has issued to finance itself.
not being practical because market conditions may make it
extremely difficult to raise capital.
the target capital structure not being the optimal capital
structure according to the static tradeoff theory.
Companies operating in countries with relatively weak legal
systems, generally tend to:
Group of answer choices
Have higher financial leverage and rely more on short‐term debt
than long‐term debt.
Have higher financial leverage and rely more on long‐term debt
than short‐term debt.
Have lower financial leverage and rely more on short‐term debt
than long‐term debt.
Which of the following is least likely an
explanation for companies deviating from their target capital
structures?
Group of answer choices
Management using book values of debt and equity for balance
sheet purposes rather than market values.
It may sometimes make sense for the company to exploit
short‐term opportunities in a particular source of financing.
Flotation costs may make it prohibitively expensive for the
company to issue securities to maintain the target capital
structure.