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Generally the least expensive source of long-term capital is:______. a) retained earnings.b) preferred stock.c) long-term debt.d) short-term debt.
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Generally the least expensive source of long-term capital is:______.

a) retained earnings.b) preferred stock.c) long-term debt.d) short-term debt.

User Gopal S Akshintala
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Answer:

c) long-term debt

Step-by-step explanation:

Long term debt is a term that is used in the financial operation to describes a form of debt owed by individuals or organization, in which its payments due or maturity is at least 12 months long, and could be longer depending on the arrangement.

Hence, in this situation, the correct answer is that generally, the least expensive source of long-term capital is LONG -TERM DEBT

User Padvinder
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