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A firm will usually increase the ratio of short-term debt to long-term debt when: the firm is undertaking a large capital budgeting project. b. short-term

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A firm will usually increase the ratio of short-term debt to long-term debt when: the firm is undertaking a large capital budgeting project. b. short-term debt has a lower cost than long-term equity. c. the term structure is upward sloping and expected to shift up. d. the term structure is inverted and expected to shift down

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