Which of the following is NOT a common characteristic of issuing long-

Which of the following is NOT a common characteristic of issuing long-term debt?

A) Issuing long-term debt decreases uncertainty compared to a short-term fixed-rate issue.
B) Issuing long-term debt provides more frequent financing opportunities.
C) Long-term interest rates are typically HIGHER than short-term rates.
D) Long-term debt may be preferred because short-term debt financing could be problematic in the event of an economy-wide liquidity crisis.

ANSWER

B