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Which of the following statements concerning liquidity and debt is true? a
Which of the following statements concerning liquidity and debt is true?
a. A firm can reduce its risk for illiquidity by shifting from short-term debt to long-term
debt.
b. The greater the use of short-term debt, the lower the risk of illiquidity.
c. Long-term debt is generally less costly than short-term debt.
d. The risk of illiquidity does not depend on the mix of short-term versus long-term debt.
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