Which of the following statements is NOT true?
A) Firms using maturity matching strategy fund all working capital needs with long-term borrowing.
B) Long-term financing strategy relies on long-term debt to finance both capital assets and working capital.
C) All permanent working capital and fixed assets are funded with long-term debt when firms use a maturity matching strategy.
D) Firms using a maturity matching strategy fund all seasonal working capital needs with short-term borrowing.
Correct Answer:
Verified
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