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23. Which of the following statements is true regarding strategic financial management? OA) Working capital management focuses on the day to day financial activities OB)

23. Which of the following statements is true regarding strategic financial management? OA) Working capital management focuses on the day to day financial activities OB) Capital budgeting refers to the issuance of debt and equity to finance growth OC) Refinancing long term debt is a working capital decision OD) Buying new machinery is a capital structure decision OE) Capital structure decisions affect investment of long term assets

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