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A firm which adopts a compromise short-term financial policy: a. will sometimes have cash surpluses and sometimes have cash shortfalls. b. will maintain a constant
A firm which adopts a compromise short-term financial policy: a. will sometimes have cash surpluses and sometimes have cash shortfalls. b. will maintain a constant level of long-term debt as the firm increases in size. c. finances its long-term assets with a combination of short-term and long-term debt. d. relies primarily on short-term debt to meet all of its financing needs. e. borrows sufficient long-term money so that short-term financing can be avoided.
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