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Which of the following statements is correct regarding financial risk? a. Financial risk refers to the extra risk shareholders bear as a result of using

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Which of the following statements is correct regarding financial risk? a. Financial risk refers to the extra risk shareholders bear as a result of using debt as compared with the risk they would bear if no dubt were used. 6. Financial risk refers to the extra risk shareholders bear as a result of using accounts payable as compared with the risk they would bear if new long-term debt were issued. c. Financial risk refers to the extra risk shareholders bear as a result of using preferred shares as compared with the risk they would bear if new debt were used. d. Financial risk refers to the reduced risk shareholders bear as a result of using debt as compared with the risk they would bear if no debt were used

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