What is one of the advantages of short-term debt financing.
A) Firms can obtain short-term credit more quickly than long-term credit.
B) Firms can obtain long-term more quickly than short-term credit.
C) Firms can obtain short-term credit to pay preferred dividends in the short-run.
D) Firms can obtain short-term credit to from accounts receivable in the short-run at cheaper rates.
Correct Answer:
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