Which of the Following Statements About Financial Risk Is Incorrect

Which of the following statements about financial risk is incorrect?

A) A rise in interest rates will adversely affect the cost of a corporation's variable debt.
B) If a corporation imports goods from overseas then an appreciation in the exchange rate will adversely affect the company's profits.
C) If a company (A) has sold goods to another company (B) with payment due in 30 days but company B has gone into liquidation then company A faces credit default.
D) If a company breaches its debt-to-equity ratio loan covenants the value of the company may be adversely affected.