Which of the following would be classified as equity financing for a firm?
A) Preferred shareholders, banks, and nonbank lenders
B) Nonbank lenders, common shareholders, and commercial banks
C) Preferred shareholders, common shareholders, and retained earnings
D) Suppliers, nonbank lenders, and commercial banks
ANSWER
Answer: C
Explanation: C) Bank and nonbank lenders, as well as suppliers, are sources of debt lending.
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