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A firm that varies back and forth from having a cash surplus to having a cash deficit: avoids the need for short-term financing. most likely has a...

14. A firm that varies back and forth from having a cash surplus to having a cash deficit:
A. avoids the need for short-term financing.
B. most likely has a compromise financing policy.
C. will not invest in marketable securities.
D. has a flexible financing policy.
E. has more long-term debt that if the firm adopted either a restrictive or a flexible short-term financial policy.

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CH030510_500079_FIN.doc

14. A firm that varies back and forth from having a cash surplus to having a cash deficit:
A. avoids the need for short-term financing.
B. most likely has a compromise financing policy.
C. will not...

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