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Quartzite Ltd., a manufacturer and retailer of imitation watches, has the following two financing options for its short term needs available: a long term bank
Quartzite Ltd., a manufacturer and retailer of imitation watches, has the following two financing options for its short term needs available: a long term bank loan and a line of credit and issuing 20-year bonds. If the company wishes to follow an aggressive working capital financing policy for its short term needs, which financing option would it choose? A. The long term bank loan B. The line of credit C. The 20-year bond
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