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For a levered firm, an additional 3-day delay in paying suppliers will A. reduce the firms long-term external financing need. b.not affect the cash cycle.

For a levered firm, an additional 3-day delay in paying suppliers will

A. reduce the firms long-term external financing need.

b.not affect the cash cycle.

c.increase the cash cycle by 3 days.

d.reduce the operating cycle by 3 days.

e.increase the firms stock-out costs.

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