Which one of the following represents a benefit of using long-term debt to finance assets?

a). Long-term debt does not have to be reported on the balance sheet.

b). Long-term debt normally has higher interest rates than short-term debt.

c). Long-term debt normally has lower interest rates than short-term debt.

d). If financing is acquired by using long-term debt, the company has access to that cash for a long time without having to worry about the risks of renewing the loan.