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Financing decisions differ from investment decisions for which of the following reasons? I) you cannot use NPV to evaluate financing decisions; II) markets for financial

Financing decisions differ from investment decisions for which of the following reasons? I) you cannot use NPV to evaluate financing decisions; II) markets for financial assets are more active than for real assets; III) it is easier to find financing decisions with positive NPV than to find investment decisions with positive NPV

I and III only

III only

I only

II only

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