With respect to debt financing, which of the following statements is most accurate from the perspective of the firm seeking funds?
A) Short- term loans are more risky and usually more expensive than equity.
B) Short- term loans are less risky and usually less expensive than equity.
C) Short- term loans are more risky and usually more expensive than long- term debt.
D) Short- term loans are more risky and usually less expensive than long- term loans.
Correct Answer:
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