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QUESTION

Which of the following statements relating to working capital financing is not correct?

Which of the following statements relating to working capital financing is not correct?

a) Long-term debt is less risky that short-term debt

b) An aggressive policy uses long-term debt to finance fluctuating current assets

c) The matching principle indicates that fluctuating current assets should be financed by short-term debt

d)Short-term debt is cheaper than long-term debt

e) A conservative policy uses long-term debt to finance fixed assets

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