Which of the following statements relating to working capital financing is not correct?a) Long-term debt is less risky that short-term debtb) An aggressive policy uses long-term debt to finance fluctuating current assetsc) The matching principle indicates that fluctuating current assets should be financed by short-term debtd)Short-term debt is cheaper than long-term debte) A conservative policy uses long-term debt to finance fixed assets
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